China's inflation shows first increase in 55 months

China's September CPI comes at 1.9% y/y vs 1.6% exp and 1.3% last, representing the first increase in 55 months, while the PPI showed an increase of 0.1% vs -0.3% expected and -0.8% prior. The data is a posiive input for both the Australian Dollar and risk appetite as upward inflation pressures is seen as positive for the economic growth prsopects. The data, however, comes in stark contrast with the disappointing Chinese trade fifures released on Thursday (exports collapsed by more than 5%).