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23 matches for " rmb depreciation":
Headline GDP growth in Korea was revised down, to a seasonally-adjusted 0.6% quarter-on-quarter in Q2, from 0.7% in the preliminary report.
China's current account surplus was revised down last week to $46.2B in Q2, from $57.0B in the preliminary data, marking a dip from $49.0B in Q1.
We've argued for some time that China faces a massive legacy of bad debt that will either have to be dealt with, or will result in the Japanning of its economy.
The Bank of Korea finally pulled the trigger, raising its base rate to 1.75% at its meeting on Friday. After a year of will-they-or-won't-they, five of the Monetary Policy Board's seven members voted to add another 25 basis points to their previous hike twelve months ago.
We've always said that China's first weapon, should the trade war escalate, is to do nothing and allow the RMB to depreciate.
In terms of one-day moves, the drop in U.S. equities yesterday and Asian equities in the past two days has been pretty bad.
China is not taking any chances with the RMB ahead of its 70th anniversary
China's export data shows little impact from trade tensions so far.
China has a nuclear option in the face of pressure from U.S. tariffs, namely, to devalue the currency.
We hadn't expected the scorching 3.6% year-over- year growth rate in Japan's June average wages
China's CPI inflation rose to 2.1% in July, from 1.9% in June.
In yesterday's Monitor, we laid out the prime causes of China's weekend announcement, cutting the reserve requirement ratio.
China's PPI inflation rose again in June, to 4.7%, from 4.1% in May.
Chinese PPI inflation fell to 4.9% in December, from 5.8% in November. The decline was expected, but underneath the slowdown in commodity price inflation, the rate of increase of manufacturing goods prices is slowing sharply too.
Japan's labour cash earnings rose by 1.5% year-over- year in July, a strong result in the Japanese context, if it hadn't been preceded by the 3.6% leap in June.
We wrote last month about how the Caixin services PMI appeared to be missing the deterioration in several key services subsectors.
In yesterday's Monitor, we outlined how the government's plans to allow more migrants to register in cities could help counterbalance the effects of aging and put a floor under medium-term property prices.
China's PPI inflation has been trending down since early 2017.
The details of next year's Japanese budget are not yet official and the Chinese budget remains unknown. But the main figures of the Japanese budget are available, while China's Economic Work Conference, which concluded yesterday, has set out the colour of the paint for the budget, if not the actual brush strokes.
China's money and credit numbers were once again unspectacular in August. M2 growth edged up to 8.2% year-over-year, from 8.1% in July.
China's September PMIs, most of which were released over the weekend, mark out a clear downtrend in activity since late last year.
Credit to the Chinese authorities for sticking it out with the marginal approach to easing for so long... at least two quarters.
Why is the EZ current account surplus rising and net exports falling at the same time?
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