were the biggest beneficiaries of the U.S. dollar pullback, the poll of 17 respondents showed.
“The outlook for global trade seems to be improving from highly depressed levels, evident from the sharp rebound in purchasing managers index figures in China and across the region,” DBS analysts Wei-Liang Chang added. Earlier this month, data showed South Korea’s exports fell at their slowest pace in four months in July and beat expectations. Singapore’s retail sales climbed sequentially in July, suggesting a pick-up in consumer spending after the easing of restrictions.since turning bullish in July, as largely positive factory data and an assurance from the central bank that economic recovery was underway kept spirits high.
The literal printing & pumbing of money into faltering western economies following Covid 19 pandemic with no palpable socio - economic impact goes to show how policy makers & so called economy turnaround experts simply believe paper money has the brains to do the trick.
I'm not sure how the stock market is so high with everything going on. Maybe all of the money we are printing?
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