Monday August 19 2024 A Light Day In Asia

Key Events and Consensus Expectations for August 19, 2024

Monday, August 19, 2024: A Light Day in Asia

The economic calendar in Asia for Monday, August 19, 2024, is relatively light, with few events expected to move major FX rates upon release.

Events to Watch

### Thailand GDP (Q2 2024) - Consensus: 3.1% YoY - Previous: 2.8% YoY ### China Loan Prime Rate (LPR) (1-Year) - Consensus: 3.70% - Previous: 3.70% ### China Consumer Price Index (CPI) (YoY) (July) - Consensus: 2.8% - Previous: 2.5% ### China Producer Price Index (PPI) (YoY) (July) - Consensus: 4.8% - Previous: 6.4% ### Federal Reserve Speeches - Jerome Powell, Chairman of the Federal Reserve, is scheduled to speak at the Jackson Hole Economic Symposium. His speech will be closely watched for any clues on the future direction of monetary policy.

Consensus Expectations

The consensus expectations for the key events on August 19, 2024, are as follows:

- Thailand's GDP is expected to grow by 3.1% year-over-year in the second quarter of 2024, up from 2.8% in the first quarter. - China's 1-year LPR is expected to remain unchanged at 3.70%. - China's CPI is expected to rise to 2.8% year-over-year in July, up from 2.5% in June. - China's PPI is expected to fall to 4.8% year-over-year in July, down from 6.4% in June.

Market Impact

The release of these economic data is likely to have a limited impact on major FX rates. However, traders should be aware of the potential for volatility in the Chinese yuan and other Asian currencies following the release of the data.