USD/CNH is a little higher in the first part of Friday dealings, last near 7.2700. CNH gained 0.16% ...
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The January CPI print was mixed, with headline at 2.5% y/y, versus 2.6% forecast. The Dec outcome was 2.5%. The trimmed mean was 2.8%y/y, an uptick from the Dec outcome of 2.7%. More details to follow.
January headline CPI inflation printed lower than expected at 2.5% y/y, in line with December. However, the underlying trimmed mean rose 0.1pp to 2.8%, but still below the top of the RBA’s 2-3% band. The first month of the quarter has limited updates for services inflation. More details to follow but see ABS press release here.