3 Central Banks Shock The Market With Aggressive Rate Cuts; Yuan Crashes, Gold And Bitcoin Rallying

2019-8-8 16:45

Central banks in Asia-Pacific region— New Zealand, India, and Thailand, announced interest rate cuts in a surprisingly aggressive manner on Wednesday, furthering a global trend of monetary policy easing.

These new moves came as the fallout from the US-China trade war intensified, suggesting this rate-cycle cycle will only gather steam moving ahead. USD/CNY trading above […].

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