Bloomberg (gated) with comments from EM investor Mark Mobius:China will probably ease its disruptive COVID zero policy by the end of this year“I don’
Bloomberg (gated) with comments from EM investor Mark Mobius:
China will probably ease its disruptive COVID zero policy by the end of this year
“I don’t think Covid is an issue going forward,” Mobius said in response to queries from Bloomberg News. “China has no choice but to open up to ensure the economy can function. Lip service will be given to it but the reality on the ground will be different.”
Add Bloomberg, says Mobius:
is somewhat of an outlier in predicting President Xi Jinping is likely to abandon the zero-tolerance approach in 2022 right after defending the policy — characterized by snap lockdowns, frequent mass testing, and border curbs — for saving lives at his address to this month’s Communist Party congress.
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EUR
The euro (EUR) is the official currency of the European Union (EU) and 19 of 27 member states at the time of writing. It is the second most-traded currency worldwide in forex markets after the US dollar.The euro was originally introduced back on January 1, 1999, having replaced the European Currency Unit. Banknotes and physical euro coins subsequently entered circulation only in 2002.Upon its adoption, the euro replaced domestic currencies in participating EU member states. The rise in its value since then and importance in the global market has helped solidify its status as one of the most important currencies in the FX market today.Together with the USD, the currency pair is easily among the most important for forex, given its exposure into the two main economic blocs. What Factors Affects the EUR?There are several factors that affect the euro. Like most currencies, monetary policy is the most influential, which in this case refers to the European Central Bank (ECB).The ECB is responsible for regulating the monetary policy, money supply, interest rates, and relative strength of the euro. Forex traders of the euro are routinely tuned into any decision or announcements from the ECB for this reason.With 19 sovereign member states, the euro is particularly vulnerable to political developments. Recent examples include Greece’s debt crisis and Brexit, among others, which can seriously impact the euro.Finally, economic data from the bloc or from key member states such as Germany, France, Spain, and others are also closely eyed. This includes retail sales, jobless claims, Gross Domestic Product (GDP), and others.
The euro (EUR) is the official currency of the European Union (EU) and 19 of 27 member states at the time of writing. It is the second most-traded currency worldwide in forex markets after the US dollar.The euro was originally introduced back on January 1, 1999, having replaced the European Currency Unit. Banknotes and physical euro coins subsequently entered circulation only in 2002.Upon its adoption, the euro replaced domestic currencies in participating EU member states. The rise in its value since then and importance in the global market has helped solidify its status as one of the most important currencies in the FX market today.Together with the USD, the currency pair is easily among the most important for forex, given its exposure into the two main economic blocs. What Factors Affects the EUR?There are several factors that affect the euro. Like most currencies, monetary policy is the most influential, which in this case refers to the European Central Bank (ECB).The ECB is responsible for regulating the monetary policy, money supply, interest rates, and relative strength of the euro. Forex traders of the euro are routinely tuned into any decision or announcements from the ECB for this reason.With 19 sovereign member states, the euro is particularly vulnerable to political developments. Recent examples include Greece’s debt crisis and Brexit, among others, which can seriously impact the euro.Finally, economic data from the bloc or from key member states such as Germany, France, Spain, and others are also closely eyed. This includes retail sales, jobless claims, Gross Domestic Product (GDP), and others. Read this Term
