US President Trump imposed import tariffs worth USD 200 billion on Chinese goods, which affected Shanghai stocks tremendously.
This week's benchmark interest rate rise saw Chairman of the US Federal Reserve Jerome Powell show increasing confidence in the US economy, while further strengthening the case for a fourth hike this year in December.
China’s trade data for August show exports to its major trading partners broadly slowing down.
China's manufacturing Purchasing Manager's Index (PMI) unexpectedly rose to 51.3 this month. The positive data suggest external uncertainties, such as rising global trade tensions, have yet to have a significant impact on domestic growth.
How will the Jackson Hole meeting affect price movements?
Solid China trade data would normally offer some support to the Chinese yuan, but that may not always be the case. Find out the reasons as to why solid trade data could put pressure on the yuan in this article by Jimmy Zhu. Read the full article here.
Chinese currency is standing at the center of the stage again, and its correlation with other global assets are mainly seen increasing in recent months. This attracts more market attention to gauge the yuan’s future direction.
