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:

- 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.

Print 01:30, 11 Jan 2013 - Asian News - Source: Newswires