China’s CPI inflation rises to -0.3% YoY in December vs. -0.4% expected
China’s Consumer Price Index (CPI) fell 0.3% YoY in December after dropping 0.5% in November. The market forecast was a decrease of 0.4%.
Chinese CPI inflation rose to 0.1% over the month in December versus the -0.5% figure seen in November and an acceleration of 0.2% estimated.
China’s Producer Price Index (PPI) dropped 2.7% YoY in December, as against a 3.0% decline in November. The data missed expectations for a 2.6% decline in the reported period.
Market reaction to Chinese inflation data
At the time of writing, AUD/USD is cheering mixed Chinese data releases, holding gains just above 0.6700, up 0.31% on the day.
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 Swiss Franc.
| USD | EUR | GBP | CAD | AUD | JPY | NZD | CHF | |
| USD | 0.00% | -0.01% | -0.03% | -0.11% | 0.08% | -0.08% | 0.06% | |
| EUR | 0.01% | -0.03% | -0.03% | -0.14% | 0.06% | -0.11% | 0.07% | |
| GBP | 0.03% | 0.04% | 0.00% | -0.09% | 0.11% | -0.07% | 0.11% | |
| CAD | 0.03% | 0.02% | 0.01% | -0.12% | 0.10% | -0.06% | 0.09% | |
| AUD | 0.14% | 0.13% | 0.12% | 0.11% | 0.20% | 0.03% | 0.21% | |
| JPY | -0.06% | -0.10% | -0.09% | -0.11% | -0.16% | -0.21% | 0.01% | |
| NZD | 0.10% | 0.12% | 0.10% | 0.08% | -0.01% | 0.19% | 0.19% | |
| CHF | -0.05% | -0.05% | -0.07% | -0.08% | -0.17% | 0.02% | -0.14% |
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.
