China Posts Strong Inflation Data
Rowan Crosby • 1 min read
China has been in the headlines for the wrong reasons, but today we got some good news.
CPI has shown a better than expected number, coming in at 2.3% vs 2.1% expected.
While PPI was also strong, coming in at 4.1% vs 4.0% expected.
The AUD/USD is largely unchanged on the data.