Chinese inflation pips higher

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Chinese inflation figures have just been released for December and shows a slight uptick in the CPI, but slightly less than expected:

Texture from Forexlive:

CPI % y/y …. 1.8%
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  • vs. expected 1.9%, prior 1.7%
  • Food prices -0.4% y/y, non-food +2.4% y/y
  • For the m/m, up 0.3%
PPI 4.9% y/y, a bit higher than the expected
  • vs. PPI expected at 4.8%, prior 5.8%
  • For the m/m, up 0.8%
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The Aussie dollar fell slightly but remains above the 78 handle against USD as the PBOC forced the Yuan down to 6.5207 versus 6.4968 yesterday: