USD-CNY Could Touch 6.20 in 1H 2021, SEB Says

USD-CNY Could Touch 6.20 in 1H 2021, SEB Says

Assessment

Interactive Video

Business, Social Studies

University

Hard

Created by

Wayground Content

FREE Resource

The video discusses the impact of NYSE's indecision on delisting firms, which has led to market stability due to limited exposure. The Biden administration is expected to delay economic policy implementation, affecting the dollar's strength. In Asia, the dollar is expected to weaken, with the yuan leading the charge. China's GDP growth is forecasted at 8% for 2021, but risks include easing credit growth and fiscal stimulus withdrawal. The bond market faces challenges with defaults and investor confidence. A left-field prediction suggests the Philippine peso will weaken as the country lags in recovery.

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7 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What factors contributed to the current state of the stock market as discussed in the text?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the speaker expect the Biden administration to handle the implementation of policies related to the stock market?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the speaker's view on the future of the dollar against the yuan?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the potential risks to the GDP forecast for China in 2021 mentioned in the text?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What challenges are mentioned regarding access to capital markets for profitable entities?

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6.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the speaker describe the current market confidence and its implications?

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7.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the speaker's prediction for the dollar-peso exchange rate in 2021?

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