The Indian Rupee (INR) flat lines on Wednesday. The persistent US Dollar (USD) buying from foreign portfolio investors and local oil companies could weigh on the lNR.
The Japanese Yen (JPY) edges lower against its American counterpart during the Asian session on Wednesday, though it remains close to over a one-month peak touched the previous day.
The Reserve Bank of New Zealand (RBNZ) published its Sectoral Factor Model Inflation gauge for the fourth quarter of 2024, following the release of the official Consumer Price Index (CPI) by the NZ Stats early Wednesday.
With markets fully pricing in an interest rate hike by the Bank of Japan (BoJ) on Friday, the head of Rengo – Japan’s largest national trade union center said Wednesday that he agrees with the BoJ there is wage hike momentum in Japanese regions.
On Wednesday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1696 as compared to the previous day's fix of 7.1703 and 7.2642 Reuters estimates.
Chinese Vice Premier Ding Xuexiang warned on Tuesday that there are “no winners” in a trade war as China confronts the threat of tariffs under Donald Trump's newly elected government, per CNBC.
US President Donald Trump said on Tuesday that his administration is discussing imposing a 10% tariff on goods imported from China on February 1 because fentanyl is being sent from China to Mexico and Canada, per Reuters.
New Zealand’s Consumer Price Index (CPI) rose 2.2% QoQ in the fourth quarter (Q4) of 2024, compared with the 2.2% increase seen in the third quarter, according to the latest data published by Statistics New Zealand on Wednesday.