China’s CPI inflation declines to -0.8% YoY in January vs. -0.5% expected
China’s Consumer Price Index (CPI) dropped 0.8% YoY in January, having declined 0.3% in December. The market expectation was for a 0.5% decrease.
Chinese CPI inflation climbed to 0.3% over the month in January versus the 0.1% print in December, missing the 0.4% increase expected.
China’s Producer Price Index (PPI) fell 2.5% YoY in January, compared with a 2.7% drop seen in November. The data beat expectations for a 2.6% decline in the reported period.
Market reaction to Chinese inflation data
At the time of writing, AUD/USD is picking up bids on the mixed Chinese data, adding 0.13% on the day to trade near 0.6530.
Australian Dollar price today
The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the strongest against the Japanese Yen.
| USD | EUR | GBP | CAD | AUD | JPY | NZD | CHF | |
| USD | -0.03% | -0.06% | -0.08% | -0.11% | 0.06% | -0.12% | -0.08% | |
| EUR | 0.03% | -0.01% | -0.04% | -0.09% | 0.08% | -0.11% | -0.06% | |
| GBP | 0.04% | 0.01% | -0.03% | -0.06% | 0.09% | -0.07% | -0.06% | |
| CAD | 0.06% | 0.03% | 0.01% | -0.04% | 0.12% | -0.07% | -0.03% | |
| AUD | 0.10% | 0.07% | 0.06% | 0.04% | 0.16% | 0.00% | 0.00% | |
| JPY | -0.05% | -0.09% | -0.12% | -0.13% | -0.15% | -0.17% | -0.14% | |
| NZD | 0.12% | 0.10% | 0.08% | 0.06% | 0.02% | 0.18% | 0.05% | |
| CHF | 0.10% | 0.06% | 0.04% | 0.04% | -0.02% | 0.13% | -0.05% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR (base)/JPY (quote).
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
