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China RatingDog Services PMI came in at 50.4, below expectations (53.7) in July
China RatingDog Services PMI came in at 50.4, below expectations (53.7) in July
New Zealand ANZ Commodity Price: -3.9% (July) vs previous -1%
New Zealand ANZ Commodity Price: -3.9% (July) vs previous -1%
Japanese Yen edges higher on upbeat wages data, hawkish BoJ Minutes and soft USD
The USD/JPY pair struggles to capitalize on this week's solid bounce from the 155.25-155.20 area, or the lowest level since early May, and edges lower during the Asian session on Wednesday. Spot prices, however, lack follow-through selling and hold just above mid-157.00s amid mixed cues.
PBOC sets USD/CNY reference rate at 6.7889 vs. 6.7917 previous
On Wednesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7889 compared to the previous day's fix of 6.7917 and 6.7480 Reuters estimate.
US Treasury Secretary Bessent: Many Asian currencies track Yen now, including Won and Yuan
US Treasury Secretary Scott Bessent said that the weakness of the Japanese Yen (JPY) has contributed to Japan’s inflation problem and raised the risk of broader depreciation of Asian currencies, Bloomberg reported on Tuesday.
Hong Kong SAR S&P Global PMI: 51 (July) vs previous 52
Hong Kong SAR S&P Global PMI: 51 (July) vs previous 52
Japan Jibun Bank Services PMI came in at 51.2, below expectations (51.9) in July
Japan Jibun Bank Services PMI came in at 51.2, below expectations (51.9) in July
RBI keeps the Repo Rate unchanged at 5.25% in August, as expected
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) announced on Wednesday that it held the benchmark Repo Rate steady at 5.25% following the conclusion of the August monetary policy meeting.
Fed's Schmid: Tighter monetary policy required to bring inflation back to 2% target
Federal Reserve Bank of Kansas City President Jeff Schmid said on Wednesday that tighter monetary policy is needed to get inflation back to the 2% target. Schmid added that inflation is 'too high' and 'worrisome' and the current stance of Fed policy is not restrictive.
BoJ Minutes: Members firmly focus on upside inflation risk
The Bank of Japan (BoJ) board members shared their views on the monetary policy outlook on Thursday, per the BoJ Minutes of the June meeting.  Â
New Zealand Dollar softens below 0.5900 after Unemployment Rate rises to decade high
The NZD/USD pair loses momentum to near 0.5875 during the early Asian trading hours on Wednesday. The New Zealand Dollar (NZD) weakens against the US Dollar (USD) following the employment report.
Japan Labor Cash Earnings (YoY) meets forecasts (3.4%) in June
Japan Labor Cash Earnings (YoY) meets forecasts (3.4%) in June
Australia S&P Global Services PMI came in at 53.6, above expectations (53) in July
Australia S&P Global Services PMI came in at 53.6, above expectations (53) in July