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September 9, 2024

Dollar Rises Amid Focus on Fed Rate-Cut Outlook

The dollar recovered some lost ground on Monday while the yen pared its safe-haven gains, as investors who were undecided on the scale of a Federal Reserve rate cut expected later this September.

The onshore yuan was last 0.3 percent weaker at 7.111…

China’s Consumer Prices Rise 0.6% in August

China’s consumer prices continued to rise in August amid a sustained recovery of domestic demand, official data showed Monday.

The consumer price index (CPI), a main gauge of inflation, was up 0.6% year on year last month, quickening from the 0.5% i…