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Monday, September 9, 2024

Asia Market Movers | ForexLive Asia-Pacific FX news wrap: China’s CPI slows, PPI plunges

ForexLive Asia-Pacific FX news wrap: China's CPI slows, PPI plunges

China's consumer inflation picked up but was below expectations ... limp demand Oil prices up since opening for the week - potential hurricane getting narrative love China August 2024 CPI +0.6% y/y (e... 

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China's consumer inflation picked up but was below expectations ... limp demand

The data is here: China August 2024 CPI +0.6% y/y (expected +0.7%) As a recap: consumer inflation picked up, rose for a seventh consecutive month CPI was below expectations the month saw supply constr... 

Oil prices up since opening for the week - potential hurricane getting narrative love

I posted very early this morning on the warning issued by the US National Hurricane Center (NHC): Oil traders heads up - NHC issues forecast Gulf of Mexico hurricane That's being cited in various repo... 

China August 2024 CPI +0.6% y/y (expected +0.7%)

Chinese inflation data, both CPI and PPI, for August 2024. The m/m PPI is -0.7% (prior -0.2%) The CPI is a slight miss on both the y/y and m/m. But the PPI is a shocker of a miss on both. Real rates i... 

PBOC sets USD/ CNY reference rate for today at 7.0989 (vs. estimate at 7.0951)

The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.... 

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FX option expiries for 6 September 10am New York cut

There are a couple to take note of, as highlighted in bold . The first ones are for EUR/USD at the 1.1100 and 1.1150 levels. They are likely to help sandwich price action as traders wait on the US job... 

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