China Posts Strong Inflation Data
CPI has shown a better than expected number, coming in at 2.3% vs 2.1% expected.
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Last updated: Monday, September 10, 2018
China has been in the headlines for the wrong reasons, but today we got some good news.
CPI has shown a better than expected number, coming in at 2.3% vs 2.1% expected.
While PPI was also strong, coming in at 4.1% vs 4.0% expected.
The AUD/USD is largely unchanged on the data.
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Rowan Crosby
Asia-Pacific Analyst
Rowan Crosby is a professional futures trader from Sydney, Australia. Rowan has extensive experience trading commodities, bonds and equity futures in the Asian, European and US markets. Rowan holds a Bachelor of Finance and Economics degree and is focused heavily on Investment Finance and Quantitative Analysis.
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