Reply To: Traders Market Weekly: Global Market Dislocation at a Precipice


Asia Development Bank lowered its 2022 growth forecast for China to 3.3% from 5.0% and cut the outlook for 2023 to 4.3% from 5.2%.
There was continued chatter about Japan intervening in the currency market to strengthen the yen and there was some speculation that the Bank of Korea and the Federal Reserve will establish an FX swap agreement.
Chinese press speculated that state banks could lower their lending rates even though the loan prime rate was left unchanged in September.
Australia’s August MI Leading Index -0.1% m/m (last -0.2%)
New Zealand’s August Credit Card Spending 29.4% yr/yr (last 5.1%). GDT Price Index 2.0% (last 4.9%)