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AUD/USD Little Changed as Chinese CPI Grows Most in 7 Months
•The Australian Dollar was quiet as Chinese CPI and PPI figures were released •Consumer prices increased 2.3% y/y versus 2.2% estimated, a 7-month high •In wake of poor Australian data, investors may turn to next week’s jobs report The Australian Dollar showed a relatively tame reaction against its major peers after Chinese CPI and PPI figures crossed the wires. In November, consumer prices increased 2.3 percent versus 2.2% expected and 2.1% in October. Today’s reading had two significant portions to it. First, the 2.3% growth was the fastest since March, a 7-month high. Second, November marked a third ... (full story)