Reply To: Traders Market Weekly: Geopolitics, ECB and Apple

#42913
Truman
Participant

South Korea reported a softer-than-expected CPI print for August, but the Bank of Korea said it expects inflation to remain at 5.0-6.0% for an extended period.
The yen continues to weaken against dollar, taking out the 140 level and trading at a 24-year low against the greenback.
Chengdu remains in lockdown for Covid testing while parts of Shenzhen are also in lockdown, according to Bloomberg.
China set the yuan reference rate at 6.8917, which is the weakest since August 2020.
South Korea’s August CPI -0.1% month-over-month (+0.3% expected; last +0.5%) and +5.7% year-over-year (+6.1% expected; last +6.3%)
Japan’s Monetary Base +0.4% year-over-year (+3.1% expected; last +2.8%)