Currencies of resource-rich Canada and Brazil sold on China's economic slump

Australia, New Zealand exchange rates also impacted

20241216N Australian dollar

China is Australia's largest trading partner, making reduced Chinese demand a headwind for its economy. © Reuters

GENKI IKUTA and NORIYUKI DOI, Nikkei staff writers

TOKYO/SHANGHAI -- The currencies of resource-rich countries like Brazil and Canada are depreciating amid the prolonged economic downturn in key trade partner China, exacerbated by uncertainty over Beijing's stimulus measures.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.