Reflation gap weighs against US Dollar – Commerzbank
Commerzbank analysts highlight that China’s June Consumer Price Index (CPI) slowed to 1.0% year-on-year while Producer Price Index (PPI) rose 4.1%, widening the PPI-CPI gap and squeezing downstream margins. The PBoC acknowledged “structural divergence” between high-tech strength and weak consumption. Despite this backdrop, USD/CNY and USD/CNH both fell, reflecting some currency strength even as domestic […]
Gold Price Forecast: XAU/USD Holds Near $4,100 As Bearish Pressure Persists – Bitcoin World
Gold Price Forecast: XAU/USD Holds Near $4,100 As Bearish Pressure Persists Bitcoin World Source link
