Earlier in the Day:

It was a relatively quiet start to the day on the economic calendar this morning. Inflation figures from China were in focus this morning.

From China

In July, the annual rate of inflation softened from 1.1% to 1.0%, versus a forecasted annual rate of inflation of 0.9%. Month-on-month, consumer prices rose by a 0.3%, however, partially reversing a 0.4% decline in June. Economists had forecast a 0.3% increase.

Wholesale inflationary pressures picked up, however, with the annual rate of wholesale inflation rising from 8.8% to 9.0%. Economists had forecast a rate of 8.7%.

The Aussie Dollar moved from $0.73366 to $0.73422 upon release of the figures. At the time of writing, the Aussie Dollar was down by 0.01% to $0.7355.

Elsewhere

At the time of writing, the Japanese Yen was up 0.02% to ¥110.230 against the U.S Dollar, with the Kiwi Dollar  up by 0.10% to $0.7017.

The Day Ahead

For the EUR

It’s a quieter day ahead on the…

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