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UK CPI fell by 0.1%

The Consumer Prices Index (CPI) fell by 0.1% in the year to September 2015, compared to no change (0.0%) in the year to August 2015. No change was expected. A smaller than usual rise in clothing prices and falling motor fuel prices were the main contributors to the fall in the rate. The rate of inflation has been at or around 0.0% for most of 2015. Input price annual inflation fell 13.3% in the year to September 2015, compared with a fall of 14.6% in the year to August 2015.
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Euro area annual inflation down to -0.1%

Euro area annual inflation is expected to be -0.1% in September 2015, down from 0.1% in August 2015, according to a flash estimate from Eurostat. Analysts were forecasting no change. Looking at the main components of euro area inflation, food, alcohol & tobacco is expected to have the highest annual rate in September (1.4%, compared with 1.3% August), followed by services (1.3%, compared with 1.2% in August), non-energy industrial goods (0.3%, compared with 0.4% in August) and energy (-8.9%, compared with -7.2% in August). 
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Euro rebounded in the US session

After initial decline euro rebounded in the US session. Earlier this morning Eurozone CPI data was released. Euro area annual inflation was 0.1% in August 2015, down from 0.2% in July. In August 2014 the rate was 0.4%. European Union annual inflation was 0.0% in August 2015, down from 0.2% in July. A year earlier the rate was 0.5%. 
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Aussie slightly down on weak China's figures

There were no major data releases from Australia this morning, however, Aussie fell due to weaker than expected China's Trade Balance and CPI figures released over the weekend. China’s producer prices fell in July to the lowest level since 2009, in the latest sign that Premier Li Keqiang must take measures to support growth.
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