Wall Street Journal (June 10)
“A sharp fall in China’s crude oil imports during the Iran war has been instrumental in holding down oil prices and keeping the global economy humming.” China has essentially been “propping up the world economy” by reducing its oil imports by roughly three million barrels a day, “but analysts aren’t sure how long it can keep going.”
Tags: 3 MM bbl, China, Crude oil, Fall, Global economy, Imports, Instrumental, Iran war, Prices, Propping up, Reducing
Bloomberg (April 30)
“Regardless of how pragmatic propping up the yen after such a poor run may sound, the question is whether it would be wise…. With US rate sentiments weighing heavily on the yen, an intervention would be no lasting solution in the event of a hawkish Fed pivot.”
Tags: Fed, Hawkish, Intervention, Lasting, Pragmatic, Propping up, Rate, Sentiments, Solution, U.S., Wise, Yen
