FOREX-Dollar firm after US inflation report, yuan steady amid mixed China data

The dollar held firm on Friday after stronger-than-expected U.S. consumer inflation revived prospects that the Federal Reserve will have to keep rates higher for longer. Meanwhile, the yuan and the Australian and New Zealand dollars weathered a bout of weak consumer and producer price data out of China, as trade numbers declining at a slower pace offered some hope of stabilisation. "CPI data for September reveal further challenges with the 'last mile' in pushing inflation persistently back towards the (Fed's) 2% target," said David Doyle, Macquarie head of economics, in a note.