The Fed’s interest rate hike will hardly stop the dollar’s decline, and the renminbi is expected to set off a supplementary market


2023-03-23: [Chinese Article Link] 21st Century Economic Report Reporter. Chen Zhi. Shanghai Report The Fed raised interest rates by 25 basis points on March 23, despite continued bank runs in the US region. However, this hawkish rate hike failed to boost the dollar. The US dollar index fell all the way after the US Federal Reserve


Note: This is a machine translated version of the Chinese news media article. A mature and nuanced reading is suggested.

Trending in China
What China Reads


The Fed’s interest rate hike will hardly stop the dollar’s decline, and the renminbi is expected to set off a supplementary market


2023-03-23: [Article Link] 21st Century Economic Report Reporter. Chen Zhi. Shanghai Report The Fed raised interest rates by 25 basis points on March 23, despite continued bank runs in the US region. However, this hawkish rate hike failed to boost the dollar. The US dollar index fell all the way after the US Federal Reserve

Note: This is a translated version of the Chinese news media article. A mature and nuanced reading is suggested.