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China PMI data is due over the weekend - the country is "suffering a confidence shock"

China's long holiday starts today - markets are closed and there will be no CNY reference rate setting today and all next week. However, there is data due over the weekend:As for other economic indicators, Bank of America have a note out which includes a look at China and what's to come:CPI inflation (the latest reading was +0.3% y/y) forecasts:expected to increase to 1.8% in 2024 2.1% in 2025BoA says the country is in the midst of fighting deflationGDP growth forecasts:5.1% this year,4.8% in 20...
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Posted: Sep 28 2023, 21:43
Author Name: forexlive
Views: 083125