Chinese Inflation Rate MoM (Mar) M/M -0.7% vs. Exp. -0.3% (Prev. 1%)
Chinese inflation has printed a month-over-month decline of -0.7%, which is a larger drop than the expected -0.3% and follows a previous increase of 1%.
Japan's Finance Minister Katayama declines to comment on FX levels and says the government is prepared to take decisive action in markets, but will not elaborate on future potential measures
BoK says rate decision was unanimous and that Middle East conflict poses risks to growth
Chinese Inflation Rate MoM (Mar) M/M -0.7% vs. Exp. -0.3% (Prev. 1%)
PBoC injects CNY 2.0bln via 7-day reverse repos with the rate at 1.40%
PBoC sets USD/CNY mid-point at 6.8654 vs exp. 6.8313 (Prev. 6.8649)
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This notable miss suggests weakening demand pressures and may influence policy considerations, potentially reinforcing dovish stances from the PBOC and impacting the yuan's valuation in the forex markets.
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