China Raises Banking Reserves, Contains Inflation.

DJ Newswires: Effective 29th Nov, China Central Bank will raise banks reserve ratio requirement, intensifying efforts to drain excess liquidity from the banking system to rein in credit growth after China's consumer price inflation shot up to 4.4%

Bad news for commodities.

Commodities currency AUD slid from 3.13 to approx 3.06

CRB Index retreats from 314 to 299. CPO price drops from 3370 to 3180.