FXStreet (Delhi) – Prashant Newnaha, Rates Strategist at TD Securities, suggests that lingering deflation fears persist with CPI for Oct coming in below expectations, +1.3%/yr vs +1.5%/yr forecast. Key Quotes “Both food and non food components registered falls, food from 2.7% to 1.9%/yr, Non food from 1% to 0.9% and housing dropped as well, from 0.8% to 0.6%/yr . PPI came in as per expectations, -5.9%/yr. Today’s data offers Chinese officials scope to ease policy further.” “NZD: Home Sales data from the REINZ for Oct shows that new capital gains and LVR restrictions are impacting Auckland, but regional areas were firmer. Headline Home Sales +18.6%/yr (prior +38%/yr), sales nationally -4.1%/m thanks to Auckland sales down 19%/m. Ex Auckland Sales +27%/yr, and +5.5%/m. Prices in Auckland fell 3%/m, but ex Auckland +1.4%/m.” For more information, read our latest forex news.