China CPI and PPI hurts AUD, edging to fresh lows on the session
The Chinese Consumer Price Index and Producer Price Index, released by the National Bureau of Statistics of China, have arrived:
- March PPI +8.3 pct from a year ago vs 8.8% prior and 7.9% consensus.
- March PPI +1.1 pct from the previous month.
- March CPI (YoY): 1.5% (expected 1.2% vs previous 0.9%).
AUD/USD is under some slight pressure, losing an additional 0.09% from the pre-data -0.2% after falling to a fresh low of 0.7436.
