Moody's see weak fundamentals in China's property sector as a weight in next 12-18 months

<p>Via Moody's:</p><ul><li>
Weak fundamentals in China's property sector will further weigh on
Chinese developers' credit quality over the next 12-18 months</li><li>
State-owned Chinese property developers will outperform market, while
privately owned companies will face further strain</li><li>
Uncertain sales recovery in China's property sector further cloud
rated developers' ability to restore financial profiles</li></ul><p>—</p><p>Meanwhile the US dollar is dripping a touch lower in Asia. The market is unforgiving of yields dipping. Fickle lot. And very, very long USD of course ;-)</p><p>AUD/USD, as an example, but NZD, CAD, GBP and EUR all a touch better bid also:</p>

This article was written by Eamonn Sheridan at www.forexlive.com.