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China’s apparent consumption of crude oil is falling – NAB
Crude oil prices trended lower across most of July, and this continued into early August – with benchmark Brent crude dipping below US$80/barrel before a modest rally took it back above this mark, NAB commodity strategists note.Fxstreet
Sep 5, 2024
PBOC’s Lu: Central bank will continue to implement supportive policy
People's Bank of China's (PBOC) Deputy Governor Lu Lei said on Thursday that the “central bank will continue to implement supportive policy.” Further comments Central bank will steadily lower financing costs for firms, credit costs for residents.
Fxstreet
Sep 5, 2024
China’s Commerce Ministry urges US to correct 'wrongdoings', immediately lift all tariffs
Responding to the US imposing tariffs on Chinese goods, China's Commerce Ministry spokesperson said on Thursday that the action is 'adding insult to injury' The spokesperson said that they “urge the US to correct 'wrongdoings', immediately lift all tariffs on Chinese goods.” Market reaction Following these comments, AUD/USD loses 0.12% on the day to trade near 0.6715.Fxstreet
Sep 5, 2024
BoJ’s Takata: If economy, prices move in line with our forecast, will adjust policy rate in several stages
Bank of Japan (BoJ) Board Member Hajime Takata is back on the wires early Europe on Thursday, noting that “if the economy, prices move in line with our forecast, we will adjust policy rate in several stages.” Additional quotes Don't have specific image in mind when I say we need to spend "sufficient time" to scrutinize economy, price developments.Fxstreet
Sep 5, 2024
