Global / Growth

Chart of the Week: Dollar’s retreat and gold’s rebound

Samuel Tse / June 10, 2019
With Fed easing expectations rising sharply over the past month, the US dollar has begun to lose some its strength.
Key summary points
  • China’s exports and imports are expected to decrease by 3.8% YoY and grow by 1.2% in May from…
  • …-2.7% and 4.0% in April respectively amid trade tension with the US and moderating global demand
  • Likewise, retail sales and industrial production are expected to ease further in May
  • … as suggested by the falling NBS Manufacturing PMI
  • Export performance of Taiwan is likely to stay weak alongside the trade war between China and the US

Chart of the Week: Dollar’s retreat and gold’s rebound

Photo credit: AFP Photo

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