The cautious approach may lead to ongoing market volatility as investors assess the effectiveness of current policies amid China's economic difficulties, raising concerns over the yuan.
Weaker-than-expected housing policy has weighed on investor confidence, pushing some to favor other currencies like the dollar as a safer investment.
Attention now shifts to the upcoming release of China's GDP and Industrial Production Report, which could indicate a decline in GDP growth, impacting the yuan further.
A decrease in GDP growth may undermine investor confidence in the yuan, possibly leading to depreciation, especially if results are disappointing.
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