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Yuan Stable Despite Consumer Inflation Missing Expectations

Three CNY100 bills of 2005The Chinese Yuan was stable today even though Consumer Inflation data released over the weekend missed expectations.

The Consumer Price Index increased 1.7% in November from a year ago. That was a lower reading than 1.8% promised by analysts and 1.9% registered in October. The Producer Price Index rose by 5.8%, within expectations but also slower than the October’s 6.9% rate of growth.

USD/CNY was slightly down by 0.04% to trade at 6.6182 as of 13:28 GMT today.

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Post tags: China, CPI, PPI, USD/CNY, Yuan

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Yuan Stable Despite Consumer Inflation Missing Expectations


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