China’s CPI inflation softens to 0.1% YoY in March vs. 0.4% expected
China’s Consumer Price Index (CPI) rose 0.1% YoY in March after reporting a 0.7% growth in February. The market forecast was for a 0.4% increase.
Chinese CPI inflation came in at -1.0% over the month in March versus February’s 1.0% rise, much worse than the 0.5% decline expected.
China’s Producer Price Index (PPI) fell 2.8% YoY in March, compared with a 2.7% drop seen previously. The data matched expectations for a 2.8% decrease in the reported period.
Market reaction to Chinese inflation data
AUD/USD is unperturbed by the mostly downbeat Chinese inflation data, adding 0.05% on the day to trade near 0.6510 following the data release.
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 US Dollar.
| USD | EUR | GBP | CAD | AUD | JPY | NZD | CHF | |
| USD | -0.02% | -0.03% | -0.01% | -0.06% | -0.05% | -0.07% | -0.01% | |
| EUR | 0.02% | -0.03% | 0.01% | -0.06% | -0.04% | -0.06% | 0.04% | |
| GBP | 0.04% | 0.01% | 0.03% | -0.03% | -0.03% | -0.03% | 0.02% | |
| CAD | 0.01% | -0.01% | -0.02% | -0.05% | -0.04% | -0.07% | 0.01% | |
| AUD | 0.07% | 0.04% | 0.04% | 0.07% | 0.02% | 0.01% | 0.07% | |
| JPY | 0.06% | 0.05% | 0.02% | 0.04% | -0.03% | 0.00% | 0.06% | |
| NZD | 0.07% | 0.06% | 0.05% | 0.07% | 0.00% | 0.01% | 0.08% | |
| CHF | 0.01% | -0.02% | -0.03% | -0.01% | -0.06% | -0.06% | -0.07% |
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.
