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Rate cuts and RMB Depreciation – What next for Singapore investors?
By Financial Horse  •  August 10, 2019

What a week it has been! Or rather, what a momentous 10 days in the financial markets!

Basics: What happened the past 2 weeks?

It’s been an absolute roller coaster the past 10 days, so I’ll just summarise the key bits here:

US Federal Reserve cuts rates 25bps. Jerome Powell indicates this is not the start of a rate cutting cycle, but rather a “mid-cycle adjustment” Literally the next day, Trump proposes 10% tariffs on the remainder of China’s exports to US China retaliates the following week by allowing the yuan to depreciate below the psychological 7 barrier US brands China a “currency manipulate” New Zealand, India and Thailand all cut rates, with New Zealand surprising with...
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By Financial Horse
Financial Horse was founded with a simple goal – To provide high quality financial commentary, in plain English. He is a firm believer in Einstein’s quote that “If you can’t explain it to six-year-old, you don’t understand it yourself.” Too much of finance is shrouded in complex jargon, and Financial Horse aims to demystify financial investments.
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