AUD/USD again retreats from 0.6800 on upbeat Aussie Consumer Inflation Expectations, mixed China CPI/PPI – by anilpanchal7 AUDUSD Inflation RiskAppetite China CentralBanks
blished early Thursday. However, the softer US inflation and hawkish statements in the Reserve Bank of Australia documents released under the Freedom of Information request keep the Aussie pair buyers hopeful.
China’s headlines Consumer Price Index eases to 0.1% YoY from 0.7% prior, versus 0.3% expected, while the Producer Price Index slides to -3.6% YoY compared to -3.2% market consensus and -2.5% previous readings. Earlier in the day, Australia’s Consumer Inflation Expectations for May rise to 5.0% versus 4.6% prior.documents showed that the Aussie central bank paths with 4.8% cash rate show inflation at target in late-2024.improves as softer US inflation data weighs on the hawkish Fed bets.
Amid these plays, S&P 500 Futures print mild gains and the US Treasury bond yields extend the previous day’s downbeat performance, which in turn weighs on theHaving witnessed the initial market reaction of the Aussie and Chinese inflation clues, AUD/USD pair traders should pay attention to the risk catalysts for intraday directions ahead of the US Producer Price Index for April, expected to ease to 2.4% YoY.
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