Yuan Stable Despite Consumer Inflation Missing Expectations

The 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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