News Headline Summary

Chinese Consumer Price Index (Dec) Y/Y 2.5% Vs. Exp. 2.3% (Prev. 2.0%)

- Chinese Food CPI (Dec) Y/Y +4.2%.
- Chinese Non Food CPI (Dec) Y/Y +1.7%.
- Chinese Food price pressure may ease after spring festival.

Reaction details (20:35)

- No reaction in AUD/USD which is seen as a proxy for Chinese economic activity; trades 1.0588 (- 8pips).
- Chinese markets have just opened and mo immediate reaction seen but we will continue to monitor them as the session progresses.

10 Jan 2013 - 20:25 - - Source: Newswires

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