AUD/USD 4HR ; Australian Dollar Little Changed as Chinese CPI Hits a 6 Month Low

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The Australian Dollar offered a stifled response to the round of October Chinese inflation figures that crossed the wires Tuesday morning. The consumer price index (CPI) came in at a 1.3 percent year-over-year increase in October compared to the 1.5 percent pace estimated by economists. This is the lowest CPI reading in six months. At the same time, Chinese producer price index figures (PPI) maintained their pace of a 5.9 percent year-over-year contraction through the month of October.

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