China CPI and PPI hurts AUD, edging to fresh lows on the session

Ross J Burland FXStreet

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.

The concerns here are stagflation in the Chinese economy, hurting the AUD that trades as a proxy for business related to China.

Shanghai has been under lockdown since 28 March. The city of 26 million people reported 1,006 confirmed infections and almost 24,000 asymptomatic cases over the previous 24 hours, with the 23,107 total reported for China on April 7. The most recent hard numbers on China’s economy refer to January and February, which are dated given the war in Ukraine, oil prices surging, and a new wave of covid-19 cases. Continually high PPI and growing raw material prices will be weighing on firms.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

EUR/USD rises to 1.1800 neighborhood amid renewed USD selling and trade uncertainties

The EUR/USD pair regains positive traction during the Asian session on Wednesday and jumps to the 1.1800 neighborhood in the last hour, reversing the previous day's modest losses. The intraday move up is sponsored by the emergence of fresh US Dollar, which continues to be weighed down by persistent trade-related uncertainties.

GBP/USD regains 1.3500 and above

GBP/USD extends its advance for the third day in a row on Tuesday, this time retesting the area beyond the 1.3500 hurdle. Cable’s uptick comes despite decent gains in the Greenback and the dovish message from the BoE’s Bailey at the UK Parliament.

Gold stays firm above $5,150 as Trump's delivers State of the Union speech

Gold finds fresh demand and regains the $5,150 level following the previous day's pullback from the monthly peak as traders assess Trump's State of the Union address. Trade-related uncertainties and geopolitical risks seem to act as a tailwind for the safe-haven bullion.

Hyperliquid registers mild gains following CoinShares' ETP launch

Hyperliquid registered a 3% gain on Tuesday after CoinShares announced the launch of its Physical Hyperliquid Staking exchange-traded product, offering investors exposure to the token's price and staking yields.

The Citrini report: How a debatable AI narrative can shake Wall Street

That AI-related headline alone was enough to rattle investors.US stocks slid sharply on Monday after a widely circulated Citrini Research memo outlined a hypothetical “2028 Global Intelligence Crisis”, warning that rapid AI adoption could push US unemployment into double digits as early as by mid-2028.

XRP pressured by weak ETF flows and declining retail interest

Ripple (XRP) is edging lower, trading above its intraday low of $1.32 at the time of writing on Tuesday. The decline from its weekly opening of $1.39 reflects heightened volatility in the broader cryptocurrency market, accentuated by tariff-triggered uncertainty.