China's recent New Loans data has sparked concerns about the health of its economy, as the figure fell well below expectations. This comes amidst a backdrop of global economic weakness, with indicators from the US, Eurozone, and Japan also showing signs of a slowdown. As a result, the forex market is expected to see increased volatility, with currencies like the Yuan, Dollar, Euro, and Yen likely to fluctuate. Investors should be prepared for potential sell-offs in stock markets, especially for companies with exposure to China. The future of major currencies will hinge on factors like global growth, central bank policies, and geopolitical events. Keeping a close eye on economic indicators will be crucial for navigating the uncertain economic landscape ahead.
China's latest data release on New Loans for April has sent shockwaves through the financial markets...Subscribe to access the full content