Turbulence in China: How EM currencies are feeling the heat
In recent weeks, the USD has performed well largely due to safe-haven flows, which came about because of investors' concerns about economic slowdown in China. The slowdown is being evidenced by disappointing data like GDP, PMI, retail sales, and industrial production, along with issues in the property sector. On the other hand, the US economy has shown great strength, with a healthy labour market and impressive growth indicators. In contrast, the Euro and Sterling have fallen from their highs against USD. Last week's business activity PMI data from the UK and EZ have been underwhelming and have fallen into contraction, indicating further economic difficulties.We’d like to hear from you! Provide us with feedback so we can improve the podcast: https://linktr.ee/fxtalk Liked this show? Please leave us a review here – even one sentence helps!