China ’sConsumer Price Index rose0.3% YoY in April after reporting a 0.1% growth in March. The market forecast was for a 0.1% increase. Chinese CPI inflation came in at 0.1% over the month in April versus March’s 1.0 decline. China ’s ProducerPrice Index fell 2.5% YoY in April, compared with a 2.8% drop seen previously. The data missed expectations for a 2.3% decrease in the reported period. Market reaction to Chinese inflation data At the press time,AUD/USDis losing0.24% on the day to trade at 0.
The RBA can also use quantitative easing and tightening to influence credit conditions, with the former AUD-negative and the latter AUD-positive. How does the health of the Chinese Economy impact the Australian Dollar? China is Australia’s largest trading partner so the health of the Chinese economy is a major influence on the value of the Australian Dollar .
CPI PPI Macroeconomics
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