日韩午夜精品视频,欧美私密网站,国产一区二区三区四区,国产主播一区二区三区四区

 

Australian dollar fall after China interest rate hike

0 CommentsPrint E-mail Xinhua, October 20, 2010
Adjust font size:

The Australian dollar retreated on Wednesday, after China's surprise interest-rate hike stoked fears of weaker demand for raw materials.

The People's Bank of China (PBOC) announced on Tuesday night that it would raise the one-year yuan lending rate, and the one- year yuan deposit rate by a quarter percentage point each.

According to a report conducted by Australian and New Zealand Banking Group (ANZ) analysts, the PBOC's move was viewed largely as a negative for global growth prospects, and will send risk to the sidelines.

The report released on Wednesday also showed ANZ's China economists are expecting another rate hike in China later this year.

The move by the central bank has surprised the global financial markets, while sending gold, copper and oil prices sharply lower, and commodity-linked currencies tumbling.

According to The Australian newspaper, the Australian dollar was one of the first casualties as global markets recoiled, dropping as low as 96.62 U.S. cents overnight, a 1.9 percent fall from Tuesday's domestic close of 98.49 U.S. cents.

It has fallen nearly four percent since it briefly reached parity with the greenback on Friday.

"Any steps China takes to slow their economy is going to slow the global recovery as well," Matt Zeman, chief market strategist with LaSalle Futures, told Dow Jones Newswires on Wednesday.

"It's going to have a far-reaching ripple effect." Enditem

Print E-mail Bookmark and Share

Go to Forum >>0 Comments

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 化州市| 台中市| 那曲县| 南宫市| 洛宁县| 运城市| 阿坝县| 奉贤区| 镇平县| 北流市| 合川市| 儋州市| 台湾省| 宁国市| 锦州市| 大名县| 台江县| 西畴县| 呼伦贝尔市| 临猗县| 离岛区| 新丰县| 利川市| 台中县| 肥西县| 开封市| 尼勒克县| 武穴市| 大关县| 合肥市| 鄂州市| 昆明市| 建水县| 丘北县| 双鸭山市| 惠来县| 阿巴嘎旗| 陵川县| 嘉鱼县| 长子县| 竹溪县|