PBOC: China’s inflation is under control

Market news

13 July 2022

PBOC: China’s inflation is under control

The People’s Bank of China (PBOC) said in a statement on Wednesday that China’s inflation is under control.

Additional quotes

Will keep liquidity reasonably ample.

Will push financial institutions to lower financing costs.

These comments come ahead of the much-awaited US inflation data, which is expected to show the core figures softening on an annualized basis to 5.8% in June.

Market reaction

AUD/USD is marching towards 0.6800, despite a mixed market mood and a broadly firmer US dollar. Meanwhile, USD/CNY is down 0.05% on the day, currently trading at 6.7203.

Currencies. Daily history for Wednesday, July 13, 2022

Commodities. Daily history for Tuesday, July 12, 2022

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.