US September Import and Export Price Indices Due at 20:30 Beijing Time

Import and export prices sit upstream of the consumer inflation data that drives rate expectations, so this release matters less for its headline than for what it says about pipeline cost pressure reaching the US economy. With no figures yet published, the read-through depends entirely on whether the print shows external price pressure building or fading. For crypto and RWA markets, the transmission channel is indirect — through the rates outlook rather than the trade data itself — so the question worth watching is whether this release shifts the broader inflation narrative at all.