Japanese Chief Cabinet Secretary Minoru Kihara said on Thursday that the government will closely monitor the impact on the Japanese economy of United States (US) financial conditions following Federal Reserve (Fed) rate cut.
China’s November CPI rose to 0.7% y/y, matching consensus, while core inflation held at 1.2% and PPI stayed in deflationary territory, keeping domestic demand weak and supporting the ongoing USD/CNH downtrend, BBH FX analysts report.
The Pound Sterling (GBP) trades higher against its major currency peers on Wednesday as Bank of England (BoE) rate-setting members have favoured the gradual removal of monetary policy restrictiveness over aggressive easing.