AUD/USD flows: Weak Chinese CPI Drags the Aussie

Over the weekend, we have the Chinese CPI came in much lower at -0.5% y/y vs -0.1% expected. It came as a surprise as there has been more iron ore import from China recently. The Chinese Yuan weakened to level last seen in late November and in the process dragged the Antipodeans lower. 

Regional equities in China and HK sunk while global equities are performing individually. The AUD/USD is down 0.33% to 0.6553.