Asia FX news wrap: Evergrande kicks off 2022 with more problems

Started by OZER, Jan 04, 2022, 07:41 PM

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New Zealand, Australia, Japan, and China were all out on holidays again today but normality will return from Tuesday. As a heads up the UK and Canada will also celebrate a holiday today.

News and data flow was light but Evergrande popped up in the news once again, this time with an order to demolish 39 residential buildings due to an incorrectly obtained permit (see bullets above). In further news trading in the shares in the firm was suspended in Hong Kong although the suspension appears unrelated.

There was a small fall out of favour for 'risk' FX, with a drop from earlier highs for AUD, NZD, EUR, GBP, CAD to varying extents. USD/JPY gained ground though.

All content is for education purpose only, not financial advices.

So why is Bitcoin worh so much? Because they aren't making anymote of it unlike crooked banks and govts

Then stop using cash and barter and stop government from requiring money for taxes when i only have stuff to trade.

anti trust   would show that the so called  inflation is a lie. its corp price gouging  .

Man you can't stop criminals activity from nothing. They need to cut that talk out. Whenever they figure  how to keep criminals activity out of politics then holla at us

No. Here's a better question, though: does the US WANT to stop inflation?

Yeah! That's what they get for playing with their economy. Good riddance!

Will someone explain the relationship between China cutting interest rates to n stock markets? US rate cuts effect are understandable. What is this new scare?

why haven't wages risen in line with inflation if it has risen by more than 2% a year for decades?

Simple, start raising interest rates at a slow, steady rate