{"id":234413,"date":"2024-01-23T16:24:40","date_gmt":"2024-01-23T10:54:40","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=234413"},"modified":"2024-01-23T16:24:40","modified_gmt":"2024-01-23T10:54:40","slug":"dxy-may-stabilise-slightly-below-103-00-once-the-china-led-risk-rally-has-settled-ing-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/dxy-may-stabilise-slightly-below-103-00-once-the-china-led-risk-rally-has-settled-ing-crypto-news\/","title":{"rendered":"DXY may stabilise slightly below 103.00 once the China-led risk rally has settled \u2013 ING &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<p>The Dollar is softer and pro-cyclical currencies are following the Yuan higher after news that China is preparing a CNY 2tn rescue package for the stock market. Economists at ING analyze FX market outlook.<\/p>\n<h2 class=\"fxs_headline_medium\">It does seem premature to call for an outperformance of China-linked currencies<\/h2>\n<blockquote>\n<p>Risk sentiment was boosted overnight as the Chinese government is reportedly considering a large CNY 2tn package to support the struggling stock markets. It does appear a temporary solution, though. Ultimately, stronger conviction on a Chinese economic rebound is likely necessary to drive a sustainable recovery in Chinese-linked stocks.\u00a0<\/p>\n<\/blockquote>\n<blockquote>\n<p>Doubts about the impact of Beijing rescue package\u2019s effects beyond the short-term automatically extend to the FX impact. It does seem premature to call for an outperformance of China-linked currencies (like AUD and NZD) and softening in the Dollar on the back of today\u2019s headlines.<\/p>\n<\/blockquote>\n<blockquote>\n<p>DXY may stabilise slightly below 103.00 once the China-led risk rally has settled.<\/p>\n<\/blockquote>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: The Dollar is softer and pro-cyclical currencies are following the Yuan higher after news that China is preparing a CNY 2tn rescue package for the stock market. Economists at ING analyze FX market outlook. It does seem premature to call for an outperformance of China-linked currencies Risk sentiment was boosted overnight as the Chinese [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":19839,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,297,246,257,276,459,307,255,250,252,247,253,249,256,254],"class_list":["post-234413","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-bsc","tag-chainlink","tag-china","tag-coin","tag-cryptocurrency","tag-currencies","tag-dollarindex","tag-equities","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/234413","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=234413"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/234413\/revisions"}],"predecessor-version":[{"id":234414,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/234413\/revisions\/234414"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/19839"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=234413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=234413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=234413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}