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Hong Kong stocks lead losses; Fed, BOJ meeting this week

Chinese language yuan has room to weaken additional within the near-term, Goldman Sachs says

There’s nonetheless room for the Chinese language yuan to weaken additional, economists at Goldman Sachs stated after each the onshore and offshore yuan fell to their lowest ranges since July 2020 final week.

“We anticipate CNY weak point to persist within the near-term, underpinned partly by broad USD energy,” strategists stated in a notice, including the following key degree to look at is 7.20, which was final examined in Could 2020.

Such a transfer, nonetheless, will are available tandem with a “sizable” strengthening of the US greenback, they stated within the notice, including “CNY is unlikely to weaken by 3% in isolation.”

—Jihye Lee

CNBC Professional: Purchase these inflation-beating funds to guard your cash, strategist says

As inflation stays stubbornly excessive, the place can buyers disguise out provided that US shares and bonds alike have been unstable?

There are three kinds of funds that look interesting proper now, in accordance with Mark Jolley, international strategist at CCB Worldwide Securities. He named his favorites in every class.

CNBC Professional subscribers can learn extra right here.

— Weizhen Tan


The post Hong Kong stocks lead losses; Fed, BOJ meeting this week appeared first on Jai Tuss.

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