USD/CNH stays below 7.0000 – BBH
USD/CNH remains under 7.0000 as China’s December inflation data showed headline CPI rising to 0.8% y/y, the highest since February 2023, while core CPI stayed at 1.2% for a third consecutive month, and PPI printed -1.9%, indicating ongoing deflationary pressure, BBH FX analysts report.

USD/CNH remains under 7.0000 as China’s December inflation data showed headline CPI rising to 0.8% y/y, the highest since February 2023, while core CPI stayed at 1.2% for a third consecutive month, and PPI printed -1.9%, indicating ongoing deflationary pressure, BBH FX analysts report.

Currency appreciation could support Chinese consumer spending

"USD/CNH is holding under 7.0000. China’s December CPI matched consensus. Headline inflation quickened to 0.8% y/y (the highest since February 2023) vs. 0.7% in November driven by a rise in food prices while core CPI remained at 1.2% y/y for a third straight month. PPI printed at -1.9% y/y (consensus: -2.0%) vs. -2.2% in November and still suggests that deflationary pressure remains high."

"China’s benign inflation backdrop continues to suggest that consumption spending is too weak. In our view, a continued appreciation in China’s currency could help the country shift its growth model towards consumer spending by boosting disposable income through cheaper imports. Bottom line: USD/CNH downtrend is intact."

FXStreet
Trade The World
Mais de um milhão de usuários confiam na FXStreet para dados de mercado em tempo real, ferramentas de gráficos, insights de especialistas e notícias de Forex. Seu calendário econômico abrangente e webinars educacionais ajudam os traders a se manterem informados e tomarem decisões calculadas. A FXStreet conta com uma equipe de cerca de 60 profissionais, divididos entre a sede em Barcelona e diversas regiões globais.
Read More

LIVE QUOTES

Name / Symbol
Chart
% Change / Price
GBPUSD
1 D change
+0%
0
EURUSD
1 D change
+0%
0
USDJPY
1 D change
+0%
0

ALL ABOUT FOREX

Explore Mais Ferramentas
Academia de Trading
Navegue por uma ampla gama de artigos educacionais cobrindo estratégias de trading, insights de mercado e fundamentos financeiros, tudo em um só lugar.
Saiba Mais
Cursos
Explore cursos de trading estruturados projetados para apoiar seu crescimento em cada etapa de sua jornada de trading.
Saiba Mais
Webinar
Participe de webinars ao vivo e sob demanda para obter insights de mercado em tempo real e estratégias de trading de especialistas da indústria.
Saiba Mais