Amid worries over China's economy, some currencies — particularly those of commodity-producing countries — will be most vulnerable to its slowdown, experts say.
Amid worries over China's economy, some currencies — particularly those of commodity-producing countries — will be most vulnerable to its slowdown.
"We expect the largest falls to occur in the Australian and New Zealand dollars. This is due to their exposure to China's economy, which we forecast to continue to slow, and in the case of the Australian dollar to its reliance on exports of iron ore and coal, which we think will be among the worst performing commodities this year," research firm Capital Economics said in a report.
The Canadian dollar is another commodity-linked currency that could also come under pressure, said Jameel Ahmad, global head of currency strategy and market research at foreign exchange broker FXTM. The Australian dollar has also been hit hard this year, pummeled by twin concerns of its own economy and that of China.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Senior China diplomat urges U.S. to meet China halfwayThe Chinese government's top diplomat, State Councillor Wang Yi, said on Fr...
Baca lebih lajut »
Senior China diplomat says China-U.S. trade talks have made substantive progressThe Chinese government's top diplomat, State Councillor Wang Yi, said on Fr...
Baca lebih lajut »
BMW's China electric car export plans on hold amid tariff uncertaintyBMW's ambitions to establish China as a hub for exporting electric cars are...
Baca lebih lajut »
China February soybean imports fall to four-year low amid tariffs, flat demandChina's soybean imports in February fell to their lowest monthly level in f...
Baca lebih lajut »
Treasury yields fall amid US-China trade developmentsU.S. government debt prices rose Wednesday as traders monitored U.S.-China trade developments.
Baca lebih lajut »
China says to collect more profits from state-owned financial institutions amid tax cutsChina's finance minister said on Thursday that the government will collect ...
Baca lebih lajut »
China praises Pakistan's 'restraint' over Kashmir tensionsChina has praised Pakistan's 'restraint' and willingness to talk ...
Baca lebih lajut »
Rusal posts $17 million fourth-quarter net loss, sees demand recoveryRussia's Rusal, the world's largest aluminum producer outside China, p...
Baca lebih lajut »
The US and China are reaching greater mutual understanding on trade, says ex-Beijing official'Within the last nine months, we had three rounds of consultations; I think we have more and more consensus about it,' said Jin Xu, a former senior commerce ministry official.
Baca lebih lajut »
Canada's Richardson disputes China claim of 'hazardous pests' in canolaCanadian agribusiness Richardson International said on Wednesday that canola it ...
Baca lebih lajut »