Inflation recovery supports modest gains – Commerzbank
Commerzbank’s Volkmar Baur sees growing evidence that China is exiting deflation, with consumer prices up 1.3% year-on-year in February and producer prices turning higher month-on-month. Rising services and food prices underpin this shift. As inflation improves, Baur expects no major PBoC rate cuts and maintains a forecast for slight CNY appreciation versus the US Dollar […]
Climbs on safe-haven Dollar gains
USD/JPY advances for the third straight day, gains 0.07% on Monday as the Greenback remains underpinned due to the Greenback’s safe-haven appeal, and expectations for a less dovish Federal Reserve. The pair trades at 158.02 at the time of writing. USD/JPY Price Forecast: Technical outlook The US Dollar remains underpinned despite the high risks of […]
