Chinese inflation data dump fails to move the needle in markets that await US CPI

From fxstreet.com

The Chinese inflation data dump has arrived as follows: • China July CPI +2.7% Y/Y (Reuters Poll +2.9% ) • China July CPI +0.5 Pct From Previous Month (Reuters Poll +0.5 PCT) • China Says July Food CPI +6.3 Pct From A Year Ago; Non-Food CPI +1.9 PCT • China July PPI +4.2 Pct From A Year Ago (Reuters Poll +4.8 PCT) • China July PPI -1.3 Pct From Previous Month Producer inflation was expected to ease in July given the reversal in commodity prices, but the subdued household demand was expected to limit the pressure on consumer inflation, as analysts at Westpac explained. As a consequence of the data, the ... (full story)