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China’s Retail Sales rise 0.4% in August, Industrial Production up 5.2%
China’s Retail Sales rose 0.4% year-over-year (YoY) in August vs. a rise of 0.8% expected and a 0.6% growth in July, the latest data released by the National Bureau of Statistics (NBS) showed Tuesday.
China Fixed Asset Investment (YTD) (YoY) in line with expectations (-7.2%) in August
China Fixed Asset Investment (YTD) (YoY) in line with expectations (-7.2%) in August
China Industrial Production (YoY) registered at 5.2% above expectations (4.8%) in August
China Industrial Production (YoY) registered at 5.2% above expectations (4.8%) in August
China Retail Sales (YoY) below expectations (0.8%) in August: Actual (0.4%)
China Retail Sales (YoY) below expectations (0.8%) in August: Actual (0.4%)
British Pound drifts lower below 1.3500 as Fed hike bets rise, UK jobs data loom
The GBP/USD pair loses momentum to around 1.3490 during Asian trading hours on Tuesday. Expectations of a US Federal Reserve (Fed) interest rate hike on Wednesday provide some support to the US Dollar (USD) against the British Pound (GBP). The UK jobs report is due on Tuesday.
Silver Price Forecast: XAG/USD falls to near $63.00 amid rising inflation, Treasury yields
Silver price (XAG/USD) falls for the second successive day, trading around $63.20 per troy ounce during Asian hours on Tuesday. Silver could face further depreciation as elevated oil prices heighten expectations for a US Federal Reserve interest rate hike.
Euro remains depressed below mid-1.1500s vs bullish USD as focus remains on FOMC
The EUR/USD pair attracts some sellers for the fourth straight day and trades below mid-1.1500s during the Asian session on Tuesday, just above a one-month low touched the previous day.
China House Price Index increased to -3% in August from previous -3.2%
China House Price Index increased to -3% in August from previous -3.2%
PBOC sets USD/CNY reference rate at 6.7670 vs. 6.7698 previous
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 6.7670 compared to the previous day's fix of 6.7698 and 6.7051euters estimate.
Canadian Dollar consolidates near 1.3900 as oil gains offset bullish USD ahead of Fed
The USD/CAD pair holds steady near the 1.3900 mark during the Asian session on Tuesday, stalling the previous day's modest pullback from a nearly two-week top.
WTI rises above $98.50 amid Middle East supply fears
West Texas Intermediate (WTI) oil price extends its gains for the second successive day, trading around $98.60 per barrel during the Asian hours on Tuesday. Crude oil prices appreciate as traders continue to navigate heightened uncertainty over global supply.
Japanese Yen weakens as Fed rate hike looms
The USD/JPY pair gains ground to near 154.55 during the early Asian session on Tuesday. The US Dollar (USD) strengthens against the Japanese Yen (JPY) as traders ramp up their bets on a US interest rate hike in September.
Iran's President Pezeshkian: Our demands are the same as our previous demands
Iran's President Masoud Pezeshkian said on Monday that Tehran is not at war with Saudi Arabia. Pezeshkian added that Iran’s demands for negotiation with the United States (US) are the same as our previous demands.