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JPY verbal intervention:Japan govmt says closely watching speculative FX movesYen intervention comments out of JapanChina:PBOC Governor says 7-day reverse repo rate will be lowered by 0.2%PBOC has officially ramped up support for the stock market, relending facility launchedChina National Bureau of Statistics (NBS) official says economic indicators...
China's National Bureau of Statistics (NBS) deputy chief comments:September economic indicators showed positive changesChina's foreign trade situation this year better than expectedFoundation for economic recovery not solid yetWill speed up implementation of a basket of policy measures The data from China today began with that showing ...
A spokesman for the Japanese government with verbal intervention to prop up the yen:Won't comment on FX levelsimportant for currencies to move in a stable manner reflecting fundamentalsclosely watching FX moves with a high sense of urgency, including speculative moves. 'Speculative' is code for they are not happy.These comments follow similar earlier...
The data is in the screen shot below.More:the unemployment rate in 31 cities was 5.1%January - September property investment was down 10.1% y/yJanuary - September infrastructure investment was +4.1%Offshore yuen is up a little after the data.All three of the major activity indicators were above expectations, with retail sales and industrial output above...
The data is below, but note that Q2 GDP was revised to +0.5% q/q instead of 0.7% This article was written by Eamonn Sheridan at www.forexlive.com.
China home price data for September 2024:-5.7% y/yprior -5.3%-0.7% m/mprior also -0.7%Home prices fell inm/m 66 of 70 cities (prior 67)y/y 68 of 70 (prior also 68)We've been banging on all year (more?) about the vicious cycle of lower home prices breeding buyer reluctance (why buy no when prices fall, get it cheaper later) breeding lower prices. That...
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