China Weakens Yuan Reference Rate by Record 1.9% Amid Slowdown
China Weakens Yuan Reference Rate by Record 1.9% Amid Slowdown > AUDUSD down 1.3%. As we have been saying for the past week, China had to move on Yuan as their economy slowed, manufacturing struggled and US rate cycle looks to turn up. We expect more devaluations to come over time and bring down AUDUSD further to mid 60's. Health Care and Resources sector to benefit from falling AUDUSD. (VIEW LINK)
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Over 30 years’ experience in the finance/tech industry. Mathan has worked extensively in all parts of the finance sector (i.e. County NatWest, Citi, LIM, Southern Cross, Bell Potter, Baillieu Holst and Blue Ocean Equities). Currently Founder and CEO at Deep Data Analytics (www.deepdataanalytics.com.au) which is an integrated data analytics driven investment strategy service provider.
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Over 30 years’ experience in the finance/tech industry. Mathan has worked extensively in all parts of the finance sector (i.e. County NatWest, Citi, LIM, Southern Cross, Bell Potter, Baillieu Holst and Blue Ocean Equities). Currently Founder and...
Expertise
Over 30 years’ experience in the finance/tech industry. Mathan has worked extensively in all parts of the finance sector (i.e. County NatWest, Citi, LIM, Southern Cross, Bell Potter, Baillieu Holst and Blue Ocean Equities). Currently Founder and...
Expertise
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