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Asia-Pacific markets mostly higher after Powell’s latest comments on inflation

A stockbroker at the Prudential Brokerage office tracks the Hang Seng Index results in Hong Kong in March 2020.

Sopa images | Light rocket | Getty Images

China is expected to release its inflation figures for August, which are expected to pick up from July.

“China’s weak growth outlook and accommodative monetary policy to the aggressive tightening by the FOMC will support the USD/CNH well,” Commonwealth Bank of Australia’s FX strategist Kristina Clifton said in a note, referring to the offshore yuan.

The offshore yuan was at 6.96 while the Japanese yen was at 143.85 and the Korean won at 1,383.11 against the greenback.

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