ForexLive Asia-Pacific FX news wrap: China’s CPI slows, PPI plunges ...Middle East

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ForexLive Asia-Pacific FX news wrap: China’s CPI slows, PPI plunges
source : forex live ( Middle East ) () 70
China’s consumer inflation picked up but was below expectations ... limp demandOil prices up since opening for the week - potential hurricane getting narrative loveChina August 2024 CPI +0.6% y/y (expected +0.7%)PBOC sets USD/ CNY reference rate for today at 7.0989 (vs. estimate at 7.0951)Japan chief cabinet secretary Hayashi cites BOJ's Ueda saying more rate hikes aheadRBC expect the RBA to cut its cash rate in February 2025 (previously forecast May 2025)Goldman Sachs forecasts 25bp Fed rate cuts in September, November and DecemberJapan (revised) Q2 GDP +0.7% q/q (preliminary was +0.8%)Monthly UK jobs market report showed a significant slowdown in AugustChina's Xi and Russia's Putin both co

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