China CPI 0.9% YoY vs expected 1.0% / PPI 6.8% YoY vs the expected 6.5%

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China inflation figures for April arrived as follows:

Consumer Price Index 0.9% YoY (vs the expected 1.0%) & PPI 6.8% YoY( vs the expected 6.5%).

The markets have not reacted with AUD/USD holding at the hourly DM pivot point near 0.7830.

More to come…

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