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Breaking Posted 1 hour ago

China Unemployment Rate Beats Forecast at 5.0% in June

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China's June unemployment rate fell to 5.0% from 5.1%, beating expectations of 5.1%. The better-than-expected labor data offers modest support for CNY and signals steady Chinese economic conditions. However, with USD positioning crowded and Fed rate-path repricing dominating FX markets post-Waller, this data carries secondary weight versus upcoming US CPI Tuesday.
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