Reuters Reported China's Central Bank Will Acquire Approval For Bulk Dollar Buying Of $50M And Above
Portfolio Pulse from Charles Gross
China's Central Bank is set to acquire approval for bulk dollar buying of $50M and above. This move could potentially impact the value of the dollar and related ETFs.
September 11, 2023 | 9:02 am
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NEUTRAL IMPACT
The approval for China's Central Bank to buy bulk dollars could potentially impact the value of the iShares China Large-Cap ETF (FXI).
The approval for China's Central Bank to buy bulk dollars could potentially impact the value of the iShares China Large-Cap ETF (FXI) as it could lead to changes in the exchange rate, affecting the value of Chinese stocks in dollar terms.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
The approval for China's Central Bank to buy bulk dollars could potentially impact the value of the SPDR S&P 500 ETF (SPY).
The approval for China's Central Bank to buy bulk dollars could potentially impact the value of the SPDR S&P 500 ETF (SPY) as it could lead to changes in the exchange rate, affecting the value of US stocks in foreign currency terms.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60