Sunday 13, August 2017 by William Mullally

China's consumer inflation unexpectedly slows

Mihir Kapadia, CEO and Founder, Sun Global Investments

China's consumer inflation unexpectedly slowed in July on continued weakness in food prices and cheaper non-food items, official data showed Wednesday. China's consumer price index in July increased 1.4 per cent from a year earlier, compared with a 1.5 per cent gain in June. The numbers were below the consensus forecast of 1.5 per cent.

The dollar is also a little weaker in Asian trading with the dollar basket (DXY) at 93.55, and has traded through 110 against the JPY. Developed bond markets which have traded in a narrow range recovered yesterday. The 10-year yield is 3 bps lower at 2.25 per cent. 

 

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