The Chinese yuan is expected to depreciate against the strong U.S. dollar, raising concerns about the extent of the currency’s potential decline and its global impact on export competitiveness and Chinese economic growth. Market shifts following Donald Trump’s election victory have already led to a 3% drop in the offshore yuan and a 16-month low for the onshore yuan, with investors wary of China’s economic challenges and a possible rise in U.S. interest rates. As U.S. Treasury yields rise and the dollar strengthens, the Federal Reserve’s reduced rate cut expectations have widened the yield gap between U.S. and Chinese bonds, driving the dollar up and the yuan down.
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Commentary: As GE2025 looms, would Singaporeans know foreign interference if we see it?
Read a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try. Click here to return to FAST Tap here to return to FAST FASTSINGAPORE: As Singapore prepares for a general election, concerns over foreign interference in the political process are growing. The Ministry of Home Affairs defines such interference as actions by foreign entities that disrupt local politics, often through disinformation, fake identities, and financial support. While Singapore...
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