Asian currencies were firm on Thursday against a dollar knocked by softer-than-expected U.S. inflation, save for the yen which remained squeezed ahead of a Bank of Japan meeting and as U.S. policymakers signalled rates would be kept high for a while yet.
Economic growth in conflict-torn Myanmar will be around 1% for the 2024-2025 fiscal year, the World Bank said on Wednesday, as escalating violence, labour shortages and a depreciating currency make it harder to do business.
Malaysia’s natural rubber (NR) production fell by 20.9% to 21,325 tonnes in April 2024 from 26,966 tonnes in March 2024, said the statistics department.
Britain's labour market showed more signs of cooling in April as the unemployment rate rose, an awkward development for Prime Minister Rishi Sunak ahead of the July 4 election, despite another month of robust wage growth.
Japan's wholesale inflation jumped in May at the fastest annual pace in nine months, data showed on Wednesday, a sign the weak yen was adding upward pressure on prices by pushing up the cost of raw material imports.
China's vehicle sales fell slightly in May but were better than expected as consumer sentiment picked up thanks in part to government subsidies.