Business & Investment

The dollar drifts after soft inflation and Chinese data is squeezing Asian currencies

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Tokyo-dollar held recent range

Against Wednesday’s companion after the US, which is softer than expected

Inflation has eased immediate expectations about the federal government

Book tapering while disappointing Chinese data that weighs heavily on

Former and Australia.

The dollar index is 92.632, which hasn’t changed much since.

Following inflation data on Tuesday, it fell

Stocks fell on Wall Street, recovering in response to demand for shelters.

The index has meandered between 92.3 and 92.9 in the past

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Week as some Fed officials have proposed the central US

Banks can reduce debt securities purchases by the end of

That year, even after a much weaker salary report than expected

At the beginning of the month.

Rising inflation continues to put pressure on policy makers,

Overnight data shows the US Consumer Price Index.

Volatile food and energy components finally rose by only 0.1%

Month.

The Federal Open Market Committee (FOMC) holds the money

Next week’s policy meeting, investors want to know

Whether there will be a tapered announcement.

Tapering tends to benefit the dollar as the Fed suggests

We are one step closer to tightening monetary policy.It also means

Central banks will effectively buy less debt assets

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Reduce the number of dollars in circulation.

“Softer prints ease imminent concerns

Price acceleration and protracted pressure need to be nullified

The Federal Reserve Board will taper in September. “

National Australia Bank’s currency strategist

Client notes.

“But this year’s taper still looks like a good bet.

November or December looks more likely than it is now. “

Still, NAB is the focus of global growth

Shift from the US and push the currency down

To $ 1.23 against the euro by the end of the year.

One euro bought $ 1.1808 on Wednesday,

Previous session.

Philip Lane, Chief Economist of the European Central Bank

The IMFS Webinar will be held in the second half of Global Day.

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The dollar fell slightly to 109.595 yen.

Approaching the center of the last two trading ranges

Month.

Commonwealth Bank of Australia

Dollar outlook, employment acceleration forecast

US costs will continue to raise consumer prices.

“Inflation above the target

The FOMC is looking forward to it, “CBA strategist Carol Kong wrote:

report.

“The meaning is that the FOMC

The fund evaluates at a rate higher than the market currently expects.

This may support the upcoming US dollar. “

Meanwhile, the yuan and the Australian dollar

Knocked lower after Chinese data showed factory

Retail sales growth has cooled sharper than previously expected

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Month.

In addition to broader Chinese concerns in financial markets

Media coverage that puzzled real estate developer China

Evergrande will not be interested

Debt payments next week.

Originally expanded the decline of the day to the maximum

Approximately 0.1% weaker at 6.4433 yuan per dollar before trading

6.4410 threatens to cut off a series of five-day profits.

Australians sank to $ 0.73015 for the first time

More than two weeks have passed since the data in China, but it has recovered

It changed a little at $ 0.7320.

================================================== ======

Greenwich Mean Time 0558 o’clock currency bid price

Description RICLast US Close Pct Change YTD Pct High Bid Low Bid

Previous changes

session

Euro / Dollar $ 1.1805 $ 1.1806 + 0.00% -3.38% + 1.1812 + 1.1801

Dollar / Yen 109.5700109.6750 -0.09% + 6.09% + 109.7350 + 109.5550

Euro / yen

Dollar / Switzerland 0.92010.9201 + 0.01% + 4.01% + 0.9204 + 0.9195

Pound Sterling / Dollar 1.38131.3808 + 0.04% + 1.11% + 1.3814 + 1.3794

Dollar / Canada 1.26911.2693 + 0.00% -0.32% + 1.2708 + 1.2682

Australia / Dollar 0.73220.7323 -0.01% -4.82% + 0.7329 + 0.7302

NZ 0.7093 0.7098 -0.04% -1.20% + 0.7099 + 0.7074

Dollar / dollar

All spots

Tokyo spot

European spots

Volatility

Information on the Tokyo Foreign Exchange Market from the Bank of Japan

(Report by Kevin Buckland; edited by Sam Holmes)

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    The dollar drifts after soft inflation and Chinese data is squeezing Asian currencies

    https://financialpost.com/pmn/business-pmn/dollar-drifts-after-soft-inflation-chinese-data-weighs-on-asian-currencies The dollar drifts after soft inflation and Chinese data is squeezing Asian currencies

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