At 03:30 (GMT+2) in China, July data on Producer Price Index will be published. It is one of the main indicators of inflation in the country and fixes the change in prices for goods and services sold by manufacturers. It also shows the change in the cost of their production. On an annual basis, the index is expected to slow down the negative dynamics from -5.4% to -4.0%. Realization of the forecast may still put pressure on the position of the national currency.
