Monthly Archives: September 2023
Chinese Ailing Economy Drags Kiwi Lower
Written on September 4, 2023 at 9:52 am, by jonywang
The New Zealand dollar has declined and cannot recover due to China’s ongoing struggles in stimulating its economy. The Chinese stock market remains in a downward trend, primarily influenced by challenges within the property sector and limited Chinese economic stimulus efforts. The recent bullish oil prices have also hindered the much-worried Chinese economy, as theContinue Reading
Chinese Ailing Economy Drags Kiwi Lower
Written on September 4, 2023 at 9:52 am, by jonywang
The New Zealand dollar has declined and cannot recover due to China’s ongoing struggles in stimulating its economy. The Chinese stock market remains in a downward trend, primarily influenced by challenges within the property sector and limited Chinese economic stimulus efforts. The recent bullish oil prices have also hindered the much-worried Chinese economy, as theContinue Reading
Powell’s Hawkish Statement Boosts Dollar
Written on September 4, 2023 at 9:51 am, by jonywang
The Fed chief has jointly reaffirmed his determination to combat inflation, which has strengthened the dollar. The Fed chief, along with the Deputy Governor of the BoE and the Chair of ECB, have jointly reaffirmed their determination to combat inflation until it remains consistently within the targeted range. This Hawkish stance has contributed to theContinue Reading
