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Through Moody’s:
-
Weak fundamentals in China’s property sector will additional weigh on
Chinese language builders’ credit score high quality over the subsequent 12-18 months -
State-owned Chinese language property builders will outperform market, whereas
privately owned firms will face additional pressure -
Unsure gross sales restoration in China’s property sector additional cloud
rated builders’ capacity to revive monetary profiles
—
In the meantime the US greenback is dripping a contact decrease in Asia. The market is unforgiving of yields dipping. Fickle lot. And really, very lengthy USD after all 😉
AUD/USD, for instance, however NZD, CAD, GBP and EUR all a contact higher bid additionally:
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