Chinese PPI YoY (Mar) Y/Y 0.5% vs. Exp. 0.4% (Prev. -0.9%)
The Chinese PPI rising 0.5% year-over-year, beating expectations of 0.4% and rebounding from a previous decline of -0.9%, suggests a potential stabilization in producer prices.
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 PPI YoY (Mar) Y/Y 0.5% vs. Exp. 0.4% (Prev. -0.9%)
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 uptick could indicate improving demand and may influence the market's outlook on inflationary pressures, impacting monetary policy sentiment and thereby affecting the yuan and regional currencies.
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