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Australian Dollar inches higher against Japanese Yen following China’s inflation data
AUD/JPY pares its daily losses following the release of key economic data from China, Australia's primary trading partner. However, the currency cross remains in negative territory and is trading around 111.00 during Asian hours on Wednesday.
0.8%: China’s CPI inflation rises in August
China’s Consumer Price Index (CPI) climbed 0.8% in August from a year ago after arriving at a rise of 0.5% in Juuly, the National Bureau of Statistics of China reported on Wednesday. The market consensus was for 0.8% in the reported period.
China Consumer Price Index (MoM) registered at 0.4% above expectations (0.3%) in August
China Consumer Price Index (MoM) registered at 0.4% above expectations (0.3%) in August
China Producer Price Index (YoY) came in at 3.8%, above forecasts (3.7%) in August
China Producer Price Index (YoY) came in at 3.8%, above forecasts (3.7%) in August
China Consumer Price Index (YoY) meets expectations (0.8%) in August
China Consumer Price Index (YoY) meets expectations (0.8%) in August
US President Donald Trump bans Canadian autos, dairy and alcohol
US President Donald Trump is banning Canadian products, including alcohol, dairy and motor vehicles, as Canadian retaliatory tariffs on American goods come into force, BBC reported on Tuesday.
PBOC sets USD/CNY reference rate at 6.7769 vs. 6.7804 previous
On Wednesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7769 compared to the previous day's fix of 6.7804 and 6.7042 Reuters estimate.
British Pound holds steady near mid-1.3500s vs USD as traders eye UK GDP and US inflation
The GBP/USD pair trades with a positive bias near mid-1.3500s during the Asian session on Wednesday, though it lacks bullish conviction and remains confined within the previous day's broader range.
Euro grinds higher above 1.1600, traders await ECB rate decision, US inflation data
The EUR/USD pair gains traction to near 1.1630 during the early Asian trading hours on Wednesday. Expectations of a rate hike from the European Central Bank (ECB) provide some support to the Euro (EUR) against the US Dollar (USD). ECB President Christine Lagarde is set to speak later in the day.Â
Japan Money Supply M2+CD (YoY) dipped from previous 2.2%Â to 2% in August
Japan Money Supply M2+CD (YoY) dipped from previous 2.2%Â to 2% in August
Australian Dollar bulls run into Oil wall amid looming Fed decision
The Aussie Dollar finished Tuesday’s session flat after bouncing off daily lows of 0.7204 but failed to sustain its gains as higher oil prices pushed the Greenback higher, leaving the Aussie Dollar nearly flat, according to the US Dollar Index (DXY).
The Japanese Yen spikes on a generational wage print and balks by the closing bell
USD/JPY trades just under 154.00, roughly 40 pips lower on Tuesday after a 147-pip round trip.
South Korea Unemployment Rate: 2.7% (August) vs previous 2.8%
South Korea Unemployment Rate: 2.7% (August) vs previous 2.8%