Most Asian currencies traded flat today, Friday, August 12, 2022, as investors weighed signs of softening the US inflation against comments from Federal Reserve officials suggesting more interest rate hikes were likely.
Indian rupee and Singapore dollar traded sideways while China’s yuan was largely unchanged at around 6.7361.
A new lockdown rattled sentiment toward China in industrial hub Yiwu and parts of the Hainan province. A series of COVID-related lockdowns have severely dented economic growth in China this year.
Focus is now on key Chinese industrial production and retail sales data due next week to gauge the economy’s strength. Broader sentiment in Asia was muted as investors digested data showing that both US consumer and producer price inflation softened through July.
But overnight comments from Fed officials suggested that the bank would keep hiking rates until inflation came back within its targeted annual rate of 2%. CPI inflation stood at 8.5% as of July.
Even as a growing number of traders are positioning for a smaller, 50 basis point hike by the Fed during its September meeting, US Treasury yields rose overnight.
This Post Has 2 Comments
Quando você esquecer a senha para bloquear a tela, se você não inserir a senha correta, será difícil desbloquear e obter acesso. Se você achar que seu namorado / namorada suspeita, você pode ter pensado em hackear o telefone Samsung dele para obter mais evidências. Aqui, iremos fornecer-lhe a melhor solução para descobrir a palavra-passe do telemóvel Samsung.
Melhor aplicativo de controle parental para proteger seus filhos – Monitorar secretamente secreto GPS, SMS, chamadas, WhatsApp, Facebook, localização. Você pode monitorar remotamente as atividades do telefone móvel após o download e instalar o apk no telefone de destino.