The Antipodeans edged higher in reaction to...>

FOREX: The Antipodeans edged higher in reaction to China's inflation data.

Headline CPI accelerated more than projected to +4.5% Y/Y from +3.8%, while PPI

printed at -1.4% Y/Y with consensus forecast calling for -1.5%. The yuan failed

to follow suit and remained limited as the outlook for U.S.-China trade

negotiations remains clouded ahead of the looming Dec 15 tariff deadline.

Broader caution may have kept G10 crosses stuck within fairly tight ranges.

- Earlier, AUD looked through domestic data & comments from RBA Gov Lowe, who

did not touch upon monetary policy issues in his speech.

- China's inflation data kept USD/JPY afloat after a round of sales over the

Tokyo fix dragged it off highs. The yen lags all of its G10 peers.

- Headlines re: int'l & cross-party negotiations of the USMCA trade pact put a

bid into MXN, as the crystallising general message was that a deal is nigh.

USD/MXN extended its recent losing streak and dropped below yesterday's high.

- German ZEW survey, French and Italian industrial outputs, Norwegian CPI and a

slew of UK monthly economic indicators take focus from here. ECB's Visco is the

sole central bank speaker on the docket.