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THE dollar found support from expectations of a continued economic recovery in the United States amid countries in Europe resorting to lockdowns to fend off a second Covid-19 wave; and expectations of higher government spending under the Biden administration – after a plunge in payrolls in December raised the prospect of more federal spending to aid the coronavirus-battered economy.
WASHINGTON, Jan. 13 (Xinhua) -- U.S. consumer prices rose in December, largely driven by the spike in gas prices, but the overall inflation is expected to remain subdued due to the pandemic, the Labor Department reported Wednesday.
BEIJING (China Daily/ANN): China's factory-gate inflation is likely to turn positive soon as the economic recovery gains more traction, after the country's producer price index dropped by the slowest rate in 11 months in December, experts said on Monday.
BEIJING (China Daily/ANN): China's consumer price index, the main gauge of inflation, rose by 0.2 per cent year-on-year in December, compared with a 0.5 per cent decline in November, the National Bureau of Statistics said on Monday (Jan11).
KEY economic data for this week will be the growth of industrial production and unemployment rate that will help investors and economists gauge the recovery of the economy.
THE dollar started the year on a softer footing, continuing its depreciation trend from 2020 and briefly touching a 32-month low.
JAKARTA, Jan 4 (Jakarta Post/ANN): Indonesia recorded the lowest annual inflation in the country’s history in 2020 as the coronavirus pandemic ravaged the economy and battered purchasing power. As of Tuesday, total Covid-19 cases in Indonesia were at almost 780,000.
TAIPEI: Taiwan's exports in December likely rose for a sixth straight month, a Reuters poll showed, lifted by strong demand for electronic goods as people continue to work and study from home during the COVID-19 pandemic.
BANGKOK, Jan 5 (Reuters): Thailand's headline consumer price index (CPI) in December dropped a less than expected 0.27% from a year earlier, the commerce ministry said on Tuesday.