USD/CNH stays pressured towards 6.8750 on upbeat China trade numbers, downbeat US Dollar – by anilpanchal7 USDCNY ForeignTrade YieldCurve RiskAversion Fed
dropped to the lowest level since May 2021, to 5.0% YoY in March from 6.0% prior and versus 5.2% market forecasts. However, the annual Core CPI, namely the CPI ex Food & Energy, improved to 5.6% YoY during the said month while matching forecasts and surpassing 5.5% prior.
It should be noted that the International Monetary Fund held China’s economic forecasts for 2023 and 2024 intact but expects the dragon nation to join India to be the global economic growth engine.
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