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AUD/USD Keeps Losses After Mixed China Inflation Data


Wednesday, 10 January 2018 09:50 WIB

AUD/USD,


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China December producer price index (PPI) came in at 4.9% y/y, beating the estimate of 4.8%. Still, AUD/USD remains under pressure around 0.7815, largely due to the fact that factory-gate inflation has moderated sharply from the previous month's print of 5.8%.

Also, consumer price index (CPI) printed at 1.8%, missing the estimated rise to 1.9% from the November figure of 1.7%.

The mixed data has not had a significant impact on the Aussie bond yields, leaving the 10-year AU-US yield spread largely unchanged at 15.4 basis points.

Source : FX Street


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