Analysts at TD Securities point out that on Saturday China released October CPI data revealing that inflation rose more than expected, 3.8% y/y (mkt 3.4% y/y). Key Quotes “Once again pork prices jumped due to the impact of African Swine Disease, up 20.1% m/m and a huge 101.3% y/y. Higher pork prices have also helped to drive up other meat products and resulted overall food price inflation rising by 15.5%, its highest since June 2008. This will have little implication for monetary policy however and in fact the CPI suggests more room for easier policy if pork is excluded. Ex-food CPI actually dropped to 0.9% y/y, its lowest in 4 years. Additionally PPI was even more negative at -1.6% y/y.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY technical analysis: Rising wedge formation still in play FX Street 3 years Analysts at TD Securities point out that on Saturday China released October CPI data revealing that inflation rose more than expected, 3.8% y/y (mkt 3.4% y/y). Key Quotes "Once again pork prices jumped due to the impact of African Swine Disease, up 20.1% m/m and a huge 101.3% y/y. Higher pork prices have also helped to drive up other meat products and resulted overall food price inflation rising by 15.5%, its highest since June 2008. This will have little implication for monetary policy however and in fact the CPI suggests more room for easier policy if pork is excluded. Ex-food… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
