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Inflation Slightly Above Expectations

CNH

Offshore yuan sticking to its narrow range post-inflation data, USD/CNH last up 18 pips on the session at 6.4806, holding most of the 200 pip gain seen on Friday. CPI rose 1.0%, faster than the 0.8% expected but slower than the 1.1% in June, PPI rose 9.0% against estimates of 8.8% and 8.8% last time out.

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