The weakness in China has been a long time coming: Strategist
Karl Schamotta, chief market strategist at Corpay, joins BNN Bloomberg to discuss oil prices that continue to fall for the third day on worries about Chinese demand. He also talks about loonie and the U.S. dollar.
In his latest interview with ausbiz, Peter Dragicevich, APAC Currency Strategist at Corpay Cross-Border Solutions, zeroed in on how the Aussie dollar is performing.
U.S. dollar slips with traders cautious before Fed's Jackson Hole symposium
“Lagarde's speech might actually be more of a market mover than Powell's. If Powell stays on the theoretical side of things, that might lower implied volatility of the dollar and lead to a smaller reaction."
The Sydney Morning Herald: ‘Risk-free’ asset takes a hit as US downgrade dents confidence
Currency strategist at foreign exchange provider Corpay Peter Dragicevich said the downgrade had probably compounded pressure on the Aussie dollar after Tuesday’s Reserve Bank decision to keep the cash rate on hold.
