Japan to declare an end to deflation; inflation stays above 2%, impacting BOJ’s next rate hike decision.
Indian Rupee steady amid investor outflows, crude oil impact, US data anticipation, and RBI policy expectations.
China’s trade surplus reached $170.5 billion as exports grew 2.3% and imports declined 8.4%, impacting AUD.
AUD remains weak as USD steadies; RBA projects slower growth. US tariffs, trade tensions, and economic data influence markets.
PBOC raises USD/CNY rate to 7.1705, focusing on stability, growth, and reforms while influencing market rates.
China’s export growth slowed in early 2023 due to the Lunar New Year and U.S. trade pressures.
The Pound Sterling pauses after gains, trading at 1.2885 as US Dollar weakens amid tariff concerns.
Canada reviews US order’s impact amid trade uncertainty, assessing scope and potential adjustments before responding to tariffs.
PBOC sets USD/CNY midpoint at 7.1692, stronger than expected. Net liquidity drain reaches 110.5 billion yuan.
Atsushi Mimura, Japan’s top currency diplomat, stresses balance in addressing globalisation downsides without protectionist measures.
