according to icon financial April 15 February CPI was 4.9% in China, analysts generally expected after March figures will further higher, about 5.2. Data for March released this morning, 5.4, 5.2 or higher than expected.
a $ first of all, the data is affected, we see the Australian dollar in the wake of the data out, immediately fell, because the Chinese CPI high, taking into account the Central Bank is still in the process of raising rates inhibit mobility, further measures will be more informed of the Bank. Therefore, as long as the Central Bank still is in the interest rate cycle in China, the Australian dollar will continue the crackdown of this message.
Australian dollar down, usually will drag down the risk to the rest of the money, such as NZD/USD, and euro will suppress this message, but will not be obvious. But beauty means so high, should be very much in line with expectations.
