China September CPI: +1.6% y/y

  • Expected +1.7% y/y, prior was +2.0% y/y
  • lowest since November 2009
  • Well below 3.5% government target

China PPI -1.8% y/y

  • expected is -1.6% y/y, prior was -1.4% y/y

AUD/USD down a couple of tics or so – not too much in it.