Asia-Pacific currencies are under pressure

A weak index of business activity in the manufacturing sector of China was the main reason for the decline in the currencies of the Asia-Pacific region. It did not justify the forecast and showed a slowdown. As the Chinese economy is fundamental to the region, its weakening has a significant impact on neighboring countries. At the beginning of the day was a release of data on New Zealand and Australia, which turned out to be very weak.

As a result, the stock indices of the Asia-Pacific region are trading below zero, but investors prefer the US currency as an alternative to the Pacific. Given the negative closure of Wall Street, such a move could serve as an excuse for restoring the American after yesterday’s decline.

Follow the news at https://esterholdings.com/en/category/mneniya-ekspertov/ and https://esterholdings.com/en/category/novosti-rinka/

Hanzenko Anton