Earlier in the Day:
It was a relatively quiet start to the day on the economic calendar this morning. Economic data from China was in focus this early morning.
Out of China
Inflation figures were in focus this morning.
In March, consumer prices fell by 0.5%, reversing a 0.6% increase in February. In spite of the fall in March, inflationary pressure returned. The annual rate of inflation accelerated from -0.2% to 0.4%. Economists had forecast consumer prices to fall by 0.4%, month-on-month, and to rise by 0.3% year-on-year.
Wholesale inflationary pressures surged at the end of the 1st quarter. The producer price index increased by 4.40%, year-on-year, which was well above a forecasted 3.5% increase. In February, the PPI had risen by 1.7%.
The Aussie Dollar moved from $0.76504 to $0.76435