Rival currencies prevail over greenback after China crash averted

23.09.2021

The U.S. dollar slipped ahead of a policy announcement by the FederalReserve on Wednesday, while risk-sensitive currencies such as the Australian dollar and Chinese yuan strengthened after China's Evergrande said it would make a bond coupon payment.

Property giant and Asia's biggest junk bond issuer Evergrande said it "resolved" one payment...