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Food Prices Drive China's CPI Lower while the Greenback is Mostly Firmer in Narrow Ranges

From marctomarket.com

The dollar is mostly firmer against the G10 currencies and has been confined to tight ranges through the European morning. Outside of the China's deflation and Japan's monthly portfolio flow data that showed Japanese investors bought the most amount of US Treasuries (~$22 bln) in six months in September, the news stream is light. Most emerging market currencies are trading with a softer bias today. The Philippine peso is the strongest among the emerging market currencies after Q3 GDP rose nearly twice as much as expected (3.3% quarter-over-quarter vs. 1.8% median forecast in Bloomberg's survey. Benchmark 10-year ... (full story)

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  • Category: Fundamental Analysis