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China Fixed Asset Investment (YTD) (YoY) came in at -5.7% below forecasts (-4.9%) in June
China Fixed Asset Investment (YTD) (YoY) came in at -5.7% below forecasts (-4.9%) in June
China Gross Domestic Product (YoY) below expectations (4.5%) in 2Q: Actual (4.3%)
China Gross Domestic Product (YoY) below expectations (4.5%) in 2Q: Actual (4.3%)
Canadian Dollar climbs to four-week top vs USD amid rising Oil prices; focus shifts to BoC
The USD/CAD pair remains under some selling pressure for the second straight day and drops to a four-week low, around the 1.4045-1.4040 region during the Asian session on Wednesday.
South Korea Trade Balance declined to $36.09B in June from previous $36.14B
South Korea Trade Balance declined to $36.09B in June from previous $36.14B
China House Price Index rose from previous -3.5%Â to -3.3% in June
China House Price Index rose from previous -3.5%Â to -3.3% in June
British Pound gains traction above 1.3400 as softer US CPI dampens Fed rate hike expectations
The GBP/USD pair gains ground to near 1.3405 during the early Asian session on Wednesday. The US dollar (USD) weakens against the British Pound (GBP) as softer-than-expected US inflation in June tempered expectations for US Federal Reserve (Fed) policy tightening.
Japanese Yen edges higher vs weaker USD; bulls seem hesitant amid Iran risks
The USD/JPY pair struggles to capitalize on the previous day's late rebound from the vicinity of mid-161.00s, or the weekly low, and trades with a mild negative bias for the second straight day on Wednesday.
PBOC sets USD/CNY reference rate at 6.7910 vs. 6.7990 previous
On Wednesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7910 compared to the previous day's fix of 6.7990 and 6.7695 Reuters estimate.
Euro gathers strength above 1.1400 after soft US inflation data
The EUR/USD pair gains ground to near 1.1425 during the early Asian trading hours on Wednesday. The US Dollar (USD) weakens against the Euro (EUR) as softer-than-expected US inflation data temporarily eased pressure on the Federal Reserve (Fed).
Japan Machinery Orders (YoY) registered at -1.9%, below expectations (12.9%) in May
Japan Machinery Orders (YoY) registered at -1.9%, below expectations (12.9%) in May
Japan Machinery Orders (MoM) came in at -12.4% below forecasts (-4.2%) in May
Japan Machinery Orders (MoM) came in at -12.4% below forecasts (-4.2%) in May
Chinese Yuan: Europe questions undervaluation and trade gap – Rabobank
Rabobank's Michael Every reports that Chancellor Merz has called for dialogue with China on monetary and FX policy, arguing CNY is 20–30% undervalued and should float more freely.
South Korea Unemployment Rate declined to 2.7% in June from previous 2.8%
South Korea Unemployment Rate declined to 2.7% in June from previous 2.8%