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BoJ’s Himino says underlying inflation almost at 2% target
Bank of Japan (BoJ) Deputy Governor Ryozo Himino said on Wednesday that underlying inflation is almost at the 2% target, adding that financial conditions still accommodative.
New Zealand Dollar softens below 0.5700 on RBNZ rate hike odds, CPI inflation data in focus
The NZD/USD pair drifts lower to near 0.5680, snapping the four-day winning streak during the Asian trading hours on Wednesday. Markets turn cautious ahead of New Zealand’s Consumer Price Index (CPI) inflation data for the third quarter (Q3), which is due later on Thursday.
Japanese Yen faces challenges as Japan’s Trade Deficit widens, BoJ signals caution
USD/JPY gains ground after registering modest losses in the previous day, trading around 158.30 during Asian hours on Wednesday. The Japanese Yen (JPY) faces mounting challenges after the latest release of Japan's Ministry of Finance merchandise Trade Balance report.
United Kingdom CPI inflation climbs to 3.5% YoY in September, vs. 3.4% expected
The United Kingdom (UK) headline Consumer Price Index (CPI) climbed 3.5% over the year in September, compared to a rise of 3.1% in August, the data released by the Office for National Statistics (ONS) showed on Wednesday.Â
British Pound edges lower below 1.3400 ahead of UK CPI inflation release
The GBP/USD pair declines to around 1.3375 during the early Asian trading hours on Wednesday. However, a stronger-than-expected UK labor report might cap the downside for the major pair. Traders will take more cues from the UK September Consumer Price Index (CPI) inflation data later on Wednesday.
Australian Dollar trades near monthly high, above 0.7000 as hawkish RBA offsets USD uptick
The AUD/USD pair trades with a positive bias for the fourth straight day, holding steady above the 0.7000 psychological mark during the Asian session on Wednesday and flirting with the monthly high it touched the previous day.
PBOC sets USD/CNY reference rate at 6.7192 vs. 6.7200 previous
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Wednesday at 6.7192 compared to the previous day's fix of 6.7200 and 6.6779 Reuters estimate.
Euro weakens below 1.1250 as French protests and fiscal risks weigh
The EUR/USD pair loses ground to near 1.1225 during the early Asian trading hours on Wednesday. The Euro (EUR) softens against the US Dollar (USD) as French protests and fiscal strains keep traders cautious.
Japan's Katayama says will coordinating with BoJ, no major divergence on inflation outlook, policy
Japanese Finance Minister (FM) Satsuki Katayama said on Wednesday that the government is coordinating closely with the Bank of Japan (BoJ) and there is no major divergence on inflation outlook and policy.Â
Japan Merchandise Trade Balance Total came in at ¥-536.6B below forecasts (¥-181B) in September
Japan Merchandise Trade Balance Total came in at ¥-536.6B below forecasts (¥-181B) in September
Japan Adjusted Merchandise Trade Balance: ¥-704B (September) vs ¥-840.6B
Japan Adjusted Merchandise Trade Balance: ¥-704B (September) vs ¥-840.6B
Japan Exports (YoY) came in at 16.7% below forecasts (20.1%) in September
Japan Exports (YoY) came in at 16.7% below forecasts (20.1%) in September
Japan Imports (YoY) below forecasts (19.6%) in September: Actual (18.9%)
Japan Imports (YoY) below forecasts (19.6%) in September: Actual (18.9%)