USD/CNH rises for the third consecutive day, refreshing a weekly high near 6.9450, amid downbeat inflation data from the US and China. That said, the offshore Chinese Yuan (CNH) pair awaits more clues to defy the hawkish bias surrounding the US Dollar on early Thursday. That said, China’s headline Consumer Price Index (CPI) eases to 0.1% YoY from 0.7% prior, versus 0.3% expected, while the Producer Price Index (PPI) slides to -3.6% YoY compared to -3.2% market consensus and -2.5% previous readings. On the other hand, US Consumer Price Index (CPI) eased to 4.9% YoY for April versus market expectations of reprinting ... (full story)