Yuan gains as markets weigh China inflation, await US CPI
SHANGHAI: China’s yuan firmed slightly against the dollar on Wednesday as investors parsed a mixed set of domestic inflation readings and braced for US consumer price data due later in the day that could shape the outlook for Federal Reserve policy. Chinese p...
SHANGHAI: China’s yuan firmed slightly against the dollar on Wednesday as investors parsed a mixed set of domestic inflation readings and braced for US consumer price data due later in the day that could shape the outlook for Federal Reserve policy. Chinese producer prices rose at their fastest pace in more than four years in September, while consumer inflation came in below expectations. Pricier oil and commodities...