AUD/USD Bears May Remain In Control as Chinese CPI Disappoints
AUD/USD Bears May Remain In Control as Chinese CPI Disappoints 2021-07-09 02:00:00 Brendan Fagan, AUD/USD, PBOC, Chinese Inflation, China Talking Points: Chinese CPI for June comes in at 1.1% (YoY) vs. consensus estimate of 1.3% AUD/USD remains near September 2020 high amid virus fears and Federal Reserve hawkishness Regulatory pressure remains heavy as Beijing cracks down on foreign listed entities Advertisement China’s June Consumer Price Index (CPI) disappointed on Friday morning, coming in at 1.1% against an expected reading of 1.3% on a year-over-year basis. The Producer Price Index (...
Source: dailyfx.com