Chinese Yuan Extends Weakness After Evergrande Ordered To Liquidate
The Chinese yuan extended its weakness against the US dollar to start the trading week after it was reported China’s most indebted developer, China Evergrande…
Posts Tagged: Evergrande
Chinese Yuan Extends Weakness After Evergrande Files for Bankruptcy Protection
The Chinese yuan extended its weakness against many major currencies as the country’s economy continues to show signs of sliding following the latest news surrounding…
Gold Settles Week Lower Amid Evergrande Contagion, Fed Policy
Gold futures are settling the trading week lower on the Federal Reserve potentially tapering ultra-aggressive stimulus and relief efforts and rising Treasury yields. However, gold…
Copper Extends Weakness on Evergrande Crisis, Expected 2022 Surplus
Copper futures are slumping on Tuesday as China’s Evergrande debt crisis has given the red metal market the jitters. Copper prices have experienced a correction…
Bitcoin Craters As Much as 10% on Evergrande Contagion, Regulatory Woes
Bitcoin prices are cratering to kick off the trading week. The peer-to-peer decentralized digital token declined as much as 10% on Monday, with investors shedding…
DXY Climbs As Investors Seek Shelter Amid Evergrande-Driven Market Rout
The US dollar is surging to kick off the trading week as investors seek cover by pouring into the conventional safe-haven asset. The broader financial…