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Antipodeans Struggle Amid Broader Caution


The yuan has shrugged off the release of China's inflation data, which showed a marginal beat in consumer price growth coupled with a considerable beat in factory-gate inflation.

  • G10 crosses have been happy to hold fairly tight ranges, yet mild defensive flows have been. The Antipodeans remain the worst performers in the space, after a weak showing on Tuesday.
  • Focus turns to U.S. CPI, due alongside weekly jobless claims (note that local markets will be shut on Thursday). Norwegian and German CPI data are also eyed today.
  • Central bank speaker slate features ECB's Elderson, BoE's Tenreyro and Riksbank's Breman.

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