The Chinese yuan traded almost flat during the European session after economic data from China came out mixed with rising consumer inflation but falling producer prices.
China’s Consumer Price Index rose 1.4 percent in February from a year ago, exceeding market expectations. At the same time, the Producer Price Index dropped 4.8 percent, more than analysts predicted. The data gave no edge neither to bulls nor to bears, meaning that the yuan was trading close to its opening level.
USD/CNY traded at 6.2620 as of 12:55 GMT today, near the opening of 6.2640.
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