China’s NBS: China's consumer inflation will recover mildly

Dhwani Mehta FXStreet

Following the publication of the high-impact China’s activity data for March, the National Bureau of Statistics (NBS) expressed its outlook on the economy during its press conference on Tuesday.

Key quotes (via Reuters)

China's consumer inflation will recover mildly.

China's consumer inflation will recovery mildly.

China’s economy made a good start to the year with positive factors standing out.

Laying a strong foundation for achieving the annual development targets.

China will actively cultivate and develop new quality productive forces and strengthen the implementation of macro policies.

Will continue to effectively pursue high-quality economic growth and appropriately increase economic output.

It is necessary to further enhance market confidence and the economic dynamic amid a complicated external environment and critical stage in Chinese economic adjustment and transition.

Meanwhile, citing sources, Reuters reports on Tuesday that China's major state banks are seen selling the US Dollars for Yuan in onshore forex market to stabilize the Chinese currency.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD rebounds after falling toward 1.1700

EUR/USD gains traction and trades above 1.1730 in the American session, looking to end the week virtually unchanged. The bullish opening in Wall Street makes it difficult for the US Dollar to preserve its recovery momentum and helps the pair rebound heading into the weekend.

GBP/USD steadies below 1.3400 as traders assess BoE policy outlook

Following Thursday's volatile session, GBP/USD moves sideways below 1.3400 on Friday. Investors reassess the Bank of England's policy oıtlook after the MPC decided to cut the interest rate by 25 bps by a slim margin. Meanwhile, the improving risk mood helps the pair hold its ground.

Gold stays below $4,350, looks to post small weekly gains

Gold struggles to gather recovery momentum and stays below $4,350 in the second half of the day on Friday, as the benchmark 10-year US Treasury bond yield edges higher. Nevertheless, the precious metal remains on track to end the week with modest gains as markets gear up for the holiday season.

Crypto Today: Bitcoin, Ethereum, XRP rebound amid bearish market conditions

Bitcoin (BTC) is edging higher, trading above $88,000 at the time of writing on Monday. Altcoins, including Ethereum (ETH) and Ripple (XRP), are following in BTC’s footsteps, experiencing relief rebounds following a volatile week.

How much can one month of soft inflation change the Fed’s mind?

One month of softer inflation data is rarely enough to shift Federal Reserve policy on its own, but in a market highly sensitive to every data point, even a single reading can reshape expectations. November’s inflation report offered a welcome sign of cooling price pressures.

XRP rebounds amid ETF inflows and declining retail demand demand

XRP rebounds as bulls target a short-term breakout above $2.00 on Friday. XRP ETFs record the highest inflow since December 8, signaling growing institutional appetite.