Reports that China has suspended car trade in subsidies in multiple regionsFinancial Times reports that China warns foreign companies against stockpiling rare earthsChina July home prices fall, even as Beijing eases suburban purchase restrictionsChina’s exports face pressure due to external uncertainties, firms face more difficultiesChina July factory output, retail sales miss forecasts, highlight growth challengesChina July data: Retail sales +3.7% y/y (exp +4.6). Industrial prod +5.7% y/y (exp 5.9%)Japan finance minister Kato says monetary policy jurisdiction if BOJsJapan economy minister Akazawa: Govt, BOJ both striving to achieve 2% inflationChina July China home prices show continued falls both m/m and y/yCrude oil markets are focused on Friday’s meeting between Trump and Putin in AlaskaJapan Eco Minister Akazawa on GDP: Latest data confirm the economy is recovering modestly.PBOC sets USD/ CNY reference rate for today at 7.1371 (vs. estimate at 7.1852)Japan preliminary Q2 GDP +0.3% q/q (expected +0.1%)ICYMI - Trump administration to discuss US taking stake in Intel. Intel surged.Standard Chartered sees Ethereum hitting $25K on rising corporate demandNew Zealand Food Price Index +0.7% m/m (prior +1.2%)New Zealand July manufacturing PMI 52.8 (up from prior 48.8)Soros Fund Management bought Nvidia shares in April - June, increased holding by 1600%Buffett buys into UnitedHealth, Nucor and homebuilders, trims Apple and BofA stakesinvestingLive Americas FX news wrap 14 Aug.PPI surges by 0.9% stoking some fears of tariffConfirmed - Federal Reserve Chair Powell to speak at 1000 US Eastern time on August 22RBNZ tipped to cut cash rate to 3% as inflation cools and jobless rate hits 4-year highUS stocks close little changed but the S&P does close at a new recordUS Treasury Secretary Scott Bessant says exploring options to acquire additional Bitcoin
The session’s main focus was preliminary Q2 GDP data from Japan and a fresh batch of Chinese economic indicators.
From China, July new home prices fell again both m/m and y/y, though annual declines narrowed modestly across all city tiers. Economic activity data then showed industrial output up 5.7% y/y (est 5.9%; prev 6.8%) and retail sales up 3.7% y/y (est 4.6%; prev 4.8%). Fixed asset investment rose 1.6% in Jan–Jul versus a forecast 2.7% and 2.8% in H1.
Outside of yen strength on the Japanese data, major FX moves were limited. GBP, CHF, EUR, and CAD were all marginally higher against the USD.
Asia-Pac stocks:
Australia (S&P/ASX 200) +0.45%Hong Kong (Hang Seng) -1.25%Shanghai Composite +0.26%Japan (Nikkei 225) +1.01% This article was written by Eamonn Sheridan at investinglive.com.Hence then, the article about investinglive asia pacific fx news wrap china economic data not as strong as expected was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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