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10 May

By Ahmed Mamdouh

Category: FX Graph

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China PPI pauses five-month streak of decline

China’s producer prices paused a five-month streak of decline in April, while the consumer prices eased as both gauges reflected stability in inflation.

The producer price index accelerated to 3.4 percent in the year ended April from a previous of 3.1 percent. That came in line with forecasts.

However, the PPI has remained slowing since hitting an eight-year high in February last year, but it probably took advantage last month from the growth in external demand.

Some economists analyzed that the import threats from the U.S. have driven Chinese producers to ramp up their business to avoid the potential fees.

CPI eased from 2.1 percent to 1.8 percent, coming beneath analysts’ estimates of 1.9 percent.

The U.S. dollar traded higher versus the yuan at 6.3660 after it slipped from a peak of 6.3861 the previous session, as of 07:58 GMT.

Ahmed Mamdouh

Ahmed Mamdouh is the head of the English Fundamental Analysis at D1stp.com, with 9 years of experience in the financial markets. Mamdouh holds a Master’s Degree in Economics from The American University in Cairo and a Bachelor Degree in Economics from The Faculty of Economics and Political Science, Cairo University.