I predict, after the completion of the yuan into the [SDR] basket, the United States will raise interest rates in December and the dollar will continue to rise, and the yuan will be hard pressed to continue to withstand the depreciation pressure. From the beginning of December, the RMB should start a devaluation. Of course, the powerful Chinese central bank is likely to intervene or entice big banks to sell dollars and buy its RMB in exchange rate intervention. But this is not a permanent solution, by adding RMB to the SDR, the government has promised not to interfere with currency movements. In short, from the end of the year a comparatively large RMB devaluation should be expected. Investors should pay close attention to US interest rates, the trend of the US dollar and the renminbi, to prevent exchange rate losses.
Keppel DC REIT Distributions Drop 13.7% and More Asia Real Estate Headlines
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The challenges of what was once Asia’s hottest listed trust lead today’s
roundup of real estate headlines, with Keppel DC REIT announcing a dip in
distri...
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