China Stimulus No FX Game Changer After Cyclical Lift: FX Moment
China's recent monetary and fiscal stimulus announcements may bring near-term cyclical relief and add to the bullish case for yuan-proxy currencies like the Australian dollar and may help to contain euro downside amid underwhelming domestic news flow. Yet a longer-term, structural boost is debatable. Host Audrey Childe-Freeman, Bloomberg Intelligence's chief G-10 FX Strategist, talks to Dr Win Thin, Brown Brothers Harriman's global head of market strategy, about how the recent measures from China could shape the dollar outlook later this year and into 2025. Win and Audrey also touch on how China could affect the euro as Europe's economic news flow disappoints, plus the US economic outlook and how the US presidential election might drive the dollar view.