Commodities & currencyEconomic Times
Chinese yuan range-bound as US rate hike bets strengthen dollar
Negative-1
GreyOak summary
The Chinese yuan remained range-bound as the US dollar strengthened on expectations of further Federal Reserve interest rate hikes. Stronger-than-expected US inflation data reinforced these hawkish comments, pushing the dollar near a two-week high.
What it affects
US Fed policyNegative -1Hawkish outlook supports dollar with hike bets.Rolling sentiment Negative -20
