{"id":59825,"date":"2023-09-12T00:51:04","date_gmt":"2023-09-12T04:51:04","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/forex\/asia-fx-treads-water-dollar-steady-as-u-s-inflation-looms\/"},"modified":"2023-09-12T00:51:06","modified_gmt":"2023-09-12T04:51:06","slug":"asia-fx-treads-water-dollar-steady-as-u-s-inflation-looms","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=59825","title":{"rendered":"Asia FX treads water, dollar steady as U.S. inflation looms"},"content":{"rendered":"
\n

Investing.com– Most Asian currencies moved little on Tuesday, while the dollar steadied close to a six-month peak as investors hunkered down before data showing a potential rise in U.S. inflation.\u00a0<\/p>\n

Markets were also holding out for more economic cues from China, as recent data showed some improvement in and through August. But the overall outlook for the Chinese economy still deteriorated, with a now forecasting 2023 GDP growth of 5%- in line with China\u2019s official forecast, but lower than forecasts from investment banks.\u00a0<\/p>\n

The remained resilient through this, with the Chinese currency rebounding from a near 10-month low this week as the People\u2019s Bank rolled out a series of strong daily midpoints. The bank was also seen intervening in currency markets to buoy the yuan.<\/p>\n

Uncertainty over China kept the trading in a tight range on Tuesday, while a private survey also showed that Australian deteriorated further in early-September.\u00a0<\/p>\n

Other China-exposed currencies moved little, with the and both trading less than 0.1% in either direction.<\/p>\n

The fell slightly after rebounding from near record lows on Monday. Markets were also awaiting readings from the country, which are expected to show continued resilience in prices through August.<\/p>\n

Japanese yen rebounds amid hawkish BOJ talk\u00a0<\/h2>\n

The steadied on Tuesday after rebounding sharply from a near 10-month low overnight. The currency was boosted chiefly by comments from Bank of Japan Governor Kazuo Ueda, who said that an end to the BOJ\u2019s negative interest rates could be close.\u00a0<\/p>\n

Ueda said that the BOJ\u2019s 2% inflation target was within sight, which would give the bank more impetus to begin raising rates after nearly a decade of ultra-loose monetary policy.<\/p>\n

But while such a scenario bodes well for the yen, the currency was still nursing steep losses for the year, hit chiefly by a widening gap between local and international interest rates.<\/p>\n

Worsening risk sentiment and fears of a BOJ pivot also diminished the yen\u2019s appeal for carry trade this year.\u00a0<\/p>\n

Dollar steady near 6-month high, CPI in focus\u00a0<\/h2>\n

The dollar moved little in Asian trade on Tuesday, seeing some consolidation after racing to a near six-month peak in recent sessions.\u00a0<\/p>\n

The and both steadied in the low-to-mid 104s, after briefly breaching 105 last week.<\/p>\n

Focus is squarely on due on Wednesday, which is expected to set the tone for a next week. Inflation is expected to have risen at a faster pace in August from July.<\/p>\n

Any signs of sticky inflation gives the Fed more headroom to either raise rates further, or keep them higher for longer. While the central bank is widely expected to keep rates on hold in September, it is also expected to until at least mid-2025.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Investing.com– Most Asian currencies moved little on Tuesday, while the dollar steadied close to a six-month peak as investors hunkered down before data showing a potential rise in U.S. inflation.\u00a0 Markets were also holding out for more economic cues from China, as recent data showed some improvement in and through August. But the overall outlook […]<\/p>\n","protected":false},"author":1,"featured_media":10185,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[244],"tags":[83],"class_list":["post-59825","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex","tag-featured"],"yoast_head":"\nAsia FX treads water, dollar steady as U.S. inflation looms | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Investing.com-- Most Asian currencies moved little on Tuesday, while the dollar steadied close to a six-month peak as investors hunkered down before data\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=59825\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Asia FX treads water, dollar steady as U.S. inflation looms | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Investing.com-- Most Asian currencies moved little on Tuesday, while the dollar steadied close to a six-month peak as investors hunkered down before data\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=59825\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-12T04:51:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-12T04:51:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/moved_LYNXMPEHAG0NK_L.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=59825#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=59825\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Asia FX treads water, dollar steady as U.S. inflation looms\",\"datePublished\":\"2023-09-12T04:51:04+00:00\",\"dateModified\":\"2023-09-12T04:51:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=59825\"},\"wordCount\":463,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Forex\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=59825#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=59825\",\"url\":\"https:\/\/ifintechworld.com\/?p=59825\",\"name\":\"Asia FX treads water, dollar steady as U.S. inflation looms | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-09-12T04:51:04+00:00\",\"dateModified\":\"2023-09-12T04:51:06+00:00\",\"description\":\"Investing.com-- Most Asian currencies moved little on Tuesday, while the dollar steadied close to a six-month peak as investors hunkered down before data\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=59825#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=59825\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=59825#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Asia FX treads water, dollar steady as U.S. inflation looms\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Asia FX treads water, dollar steady as U.S. inflation looms | iFintechWorld","description":"Investing.com-- Most Asian currencies moved little on Tuesday, while the dollar steadied close to a six-month peak as investors hunkered down before data","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=59825","og_locale":"en_US","og_type":"article","og_title":"Asia FX treads water, dollar steady as U.S. inflation looms | iFintechWorld","og_description":"Investing.com-- Most Asian currencies moved little on Tuesday, while the dollar steadied close to a six-month peak as investors hunkered down before data","og_url":"https:\/\/ifintechworld.com\/?p=59825","og_site_name":"iFintechWorld","article_published_time":"2023-09-12T04:51:04+00:00","article_modified_time":"2023-09-12T04:51:06+00:00","og_image":[{"width":800,"height":486,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/moved_LYNXMPEHAG0NK_L.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=59825#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=59825"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Asia FX treads water, dollar steady as U.S. inflation looms","datePublished":"2023-09-12T04:51:04+00:00","dateModified":"2023-09-12T04:51:06+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=59825"},"wordCount":463,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Forex"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=59825#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=59825","url":"https:\/\/ifintechworld.com\/?p=59825","name":"Asia FX treads water, dollar steady as U.S. inflation looms | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-09-12T04:51:04+00:00","dateModified":"2023-09-12T04:51:06+00:00","description":"Investing.com-- Most Asian currencies moved little on Tuesday, while the dollar steadied close to a six-month peak as investors hunkered down before data","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=59825#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=59825"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=59825#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Asia FX treads water, dollar steady as U.S. inflation looms"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/59825","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=59825"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/59825\/revisions"}],"predecessor-version":[{"id":59826,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/59825\/revisions\/59826"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/10185"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=59825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=59825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=59825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}