/ world in the present day information/ Interviewed by CNBC consultants named the three international locations that benefited from the coronavirus pandemic. They turned out to be Australia, New Zealand and South Korea, whose nationwide currencies have lately strengthened amid elevated investor confidence.
All three international locations are doing higher than others to take care of the coronavirus outbreak. The unfold of the an infection stopped there – at the very least till the beginning of the second wave. This helped them to revive nationwide economies: to renew the work of enterprises and establishments, to ease restrictions on the motion of individuals.
Consequently, buyers started to take a position extra actively in shares and bonds of native issuers issued in nationwide currencies: Australian and New Zealand {dollars} and Korean gained. Consequently, their fee has risen, as a result of with the intention to purchase property, you should first purchase the forex wherein they’re denominated, creating a requirement for it.
The impact is especially noticeable in opposition to the background of different international locations within the Asia-Pacific area, which haven’t but overcome the implications of the epidemic, economists say. Typically the expansion of the forex appears illogical and contradicts different associated components. Thus, the Australian greenback rose in worth on the finish of April, regardless of the lower within the PMI index, which characterizes the state of the enterprise local weather within the nation.
Additionally it is famous that in all three international locations, the coronavirus didn’t have an effect on most industries and the authorities had been capable of react in time and improve the price range spending to help the victims.
On the identical time, a powerful forex doesn’t all the time play into the arms of a rustic’s economic system. To start with, it negatively impacts the competitiveness of home exporters who incur prices in a single forex and promote items on the international market at a value set in one other.
Translation: world in the present day information
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