China's inflation close to the slowest pace in 2 years in September

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Source: Bloomberg
© Scanpix/Reuters
China's inflation cooled almost to the slowest pace in 2 years in September, providing the government with a room for policy easing should the nation's economy deteriorate. Consumer prices increased 1.9% from the previous year, whereas producer-price index declined 3.6%, according to the National Bureau of Statistics. Another report showed that China's imports rose 2.4 % from 2011, while exports increased 9.9%. 
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Wed, 17 Oct 2012 06:56:23 GMT

Yuan advances to 19-year high as central bank raised the fixing

China's currency advanced to the highest level in 19 years after the People's Bank of China bolstered the Yuan's reference rate by 0.12% to 6.3028 per U.S. Dollar on U.S. second presidential debate. The Yuan gained 0.15% to 6.2547 versus the greenback, after touching 6.2530 earlier, the strongest since 1993. 

Wed, 17 Oct 2012 06:34:23 GMT

Aussie touched 2-week high on Spain optimism

Australia's currency rose to the highest level in 2 weeks and government bonds declined on speculation Spain will ask for a sovereign bailout increased appetite for higher-yielding assets. The Australian Dollar advanced 0.3% to $1.0307, after earlier touching $1.0324, the strongest level since October 2. The Aussie Dollar climbed 0.1% to 81.12 yen. 

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