China CPI rise slowest pace since Feb 2021, 0.1%, below expectations (0.3%) – by fx_ross CPI China AUDUSD
China Consumer Price Index came in at 0.1%, below expectations in April. This was the slowest pace since February 2021. China Producer Price Index came in at -3.6%, below expectations in April.AUD/USD is trading at 0.6785 and is in the middle of the range of 0.670 and 0.6795 so far. The W-formation is a reversion pattern and there might be a correction to the downside.
to tighten monetary policy and fiscal policy risk. Generally speaking, a high reading is seen as positive for the CNY, while a low reading is seen as negative for the CNY.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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