Commodity currencies under pressure
The appetite risk in markets is dropping due to growing geopolitical tensions after Chinese armed forces simulated high-precision strikes on Taiwan during its second day of military drills.
The appetite risk in markets is dropping due to growing geopolitical tensions after Chinese armed forces simulated high-precision strikes on Taiwan during its second day of military drills. Beijing conducted three days of military exercises after a short visit to the United States by Taiwanese President Tsai Ing-wen. Risk assets, including commodity currencies, have more chances of depreciating against the dollar than they do of appreciating.
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