China’s Yuan Hits Strongest Level in 18yrs 6.2884
Japan’s Domestic CGPI
Consumer Goods inflation again came in softer in Japan, the details of the release are as follows:
- Domestic CGPI (MoM) – Survey:0.1% Actual:-0.1% Prior:0.1%
- Domestic CGPI (YoY) – Survey:0.8% Actual:0.5% Prior:1.3%
China’s January CPI & PPI
The CPI rose markedly in January, even above some lofty expectations during the shortened month in China for the New Year celebration. The market has not had a strong reaction to this inflationary release as Greek leaders have reportedly failed to reach an agreement on pension cuts:
- Producer Price Index (YoY) – Survey:0.8% Actual:0.7% Prior:1.7%
- Consumer Price Index (YoY) – Survey:4.0% Actual:4.5% Prior:4.1%
China Sets Yuan Reference Rate @ 6.3009
Bank of Korea Keeps Interest Rates Unchanged @3.25%
New Zealand Q4 Employment Report
The New Zealand Unemployment Rate fell, however a closer looks shows a steeper drop in the Participation Rate. As a result the Kiwi had a short- lived bid jumping 25+pips on the headline number before coming back to pre-release levels.
- Unemployment Rate – Survey:6.5% Actual:6.3% Prior:6.6%
- Employment Change (QoQ) – Survey:0.4% Actual:0.1% Prior:0.2%
- Employment Change (YoY) – Survey:1.9% Actual:1.6% Prior:1.1%
- Participation Rate – Survey:68.5% Actual:68.2% Prior:68.4%
South Korean Producer Price Index
The South Korean CPI for January came in softer than the prior month at 3.4% vs. 4.3%
