China March CPI -0.1% y/y (expected +0.1%) ...Middle East

China CPI (YoY) (March 2025) -0.1%

expected +0.1%, prior -0.7%

expected -0.2%, prior -0.2%

PPI (YoY) -2.5%

expected -2.3%, prior -2.2%

The PBOC CNY reference rate setting for it today was 7.2092.

7.353384.... umm, the downside bound doesn't matter.

USD/CNH is much higher:

This article was written by Eamonn Sheridan at www.forexlive.com.

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