China’s Consumer Price Index (CPI) rose at an annual pace of 0.4% in September after reporting a 0.6% growth in August.

The Australian Dollar recovered some ground against the Greenback on Friday after a measure of prices paid by producers reaffirmed that inflation is coming down, warranting further easing by the Federal Reserve.

The Canadian Dollar (CAD) fell against the Greenback for an eighth consecutive trading day as markets pivot out of the Loonie in favor of the US Dollar.

The September quarter inflation report is out next Wednesday. And we’re expecting some good news. By our calculations, we see inflation slowing to 2.3% from 3.3% - the lowest in more than three years. Over the quarter, we expect consumer prices rose 0.8%, an acceleration from the 0.4% lift in the June quarter. It’s not unusual to see September quarters post relatively large increases in CPI as it captures the annual review in council rates (3% of the CPI basket). And this year, we’d expect to see a large increase. Providing a meaningful offset is deflation in the imported prices. Our forecasts are in line with the RBNZ’s expectations.

NEW YORK, – Global stocks rallied on Friday, buoyed by positive U.S. bank earnings reports, and positioned for a weekly gain. Meanwhile, U.S. Treasury yields

Gold rallied over 1% on Friday, with the yellow metal set to end the week with modest gains of 0.20% after inflation data revealed on Friday and the Consumer Price Index (CPI) report on Thursday capped the Greenback’s advance.

The Mexican Peso registers gains against the Greenback for the second consecutive day after hitting a low of 19.61 in early trading on Thursday.

Wholesale prices stayed flat in September, suggesting inflation is on a downward path despite some bumps in the road.