{"id":80777,"date":"2015-11-10T02:12:33","date_gmt":"2015-11-10T07:12:33","guid":{"rendered":"http:\/\/countingpips.com\/?p=80777"},"modified":"2015-11-10T06:33:30","modified_gmt":"2015-11-10T11:33:30","slug":"soft-china-inflation-hits-asian-markets-currencies-remain-under-pressure","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/11\/soft-china-inflation-hits-asian-markets-currencies-remain-under-pressure\/","title":{"rendered":"Soft China inflation hits Asian markets, currencies remain under pressure"},"content":{"rendered":"<div id=\"inves-3275911515\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">November 10, 2015<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<p>Asian markets were down on Tuesday after the release of weak inflation data from China, where consumer prices slowed in October to a year-on-year pace of 1.3 per cent, their weakest level since May, according to the National Bureau of Statistics.<\/p>\n<p>The soft CPI data strengthen the view that China\u2019s deflationary pressure has intensified. This raises market expectations for the People\u2019s Bank of China to ease monetary policy further by reducing benchmark interest rates and the amount of cash that commercial banks are required to keep in reserve<\/p>\n<p>China\u2019s Shanghai Composite was down 0.4 per cent, Japan\u2019s Nikkei was down 0.6 per cent in mid-morning trade, while Australia\u2019s S&amp;P\/ASX 200 was down 1 per cent.<\/p>\n<p>Currency markets were mostly consolidating during the Asian trade, still digesting the news of Friday\u2019s strong U.S. nonfarm payrolls data. The stronger dollar has kept most major currencies under pressure.<\/p>\n<p>EUR\/USD saw more consolidation in Asia, traded a tight 1.0744-62 range. GBP\/USD traded between 1.5109-24 in Asia, trying to make tracks away from 1.5129. AUD\/USD opened in Asia at 0.7047, traded between 0.7041-56. USD\/JPY held onto gains and consolidated between a 123.03-26 range.<\/p><div id=\"inves-133959894\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\">www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime Asian markets were down on Tuesday after the release of weak inflation data from China, where consumer prices slowed in October to a year-on-year pace of 1.3 per cent, their weakest level since May, according to the National Bureau of Statistics. The soft CPI data strengthen the view that China\u2019s deflationary pressure [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-80777","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/80777","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=80777"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/80777\/revisions"}],"predecessor-version":[{"id":80795,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/80777\/revisions\/80795"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=80777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=80777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=80777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}