Home Economy Aussie perks up as Evergrande relief lifts investor sentiment

Aussie perks up as Evergrande relief lifts investor sentiment

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  • Aussie jumps almost 0.5% after Evergrande unit announcement
  • Investors left wondering on dollar bond coupon
  • BOJ seen on hold, Fed dot plots in focus

TOKYO, Sept 22 (Reuters) – The Australian dollar jumped and the safe-haven yen eased slightly on Wednesday after struggling Chinese property giant Evergrande (3333.HK) said it would make an upcoming bond coupon, allaying immediate fears about a messy corporate collapse.

Some of the excitement fizzled, however, after traders realised it was still not known whether the developer would be able to pay the coupon on its offshore dollar bonds due on Thursday. read more

The Australian dollar rose as much as 0.49% to $0.7268 before giving up part of the gains to trade at $0.7247, up 0.2% on the day. The yen weakened about 0.2% to 109.485 to the dollar , showing little reaction to the Bank of Japan’s decision to keep its policy on hold. read more

Investors are still nervous about the fate of Evergrande, which missed…

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