It was a relatively quiet start to the day on the economic calendar this morning. Inflation figures from China were in focus this morning. From China In July, the annual rate of inflation softened from 1.1% to 1.0%, versus a forecasted annual rate of inflation of 0.9%. Month-on-month, consumer prices rose by a 0.3%, however, partially reversing a 0.4% decline in June. Economists had forecast a 0.3% increase. Wholesale inflationary pressures picked up, however, with the annual rate of wholesale inflation rising from 8.8% to 9.0%. Economists had forecast a rate of 8.7%. The Aussie Dollar moved from $0.73366 to $0.73422 ... (full story)