Published: 2024-04-11T05:14:13.000Z
AUD/USD flows: Inflation Expectation Stronger
FX Analyst
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Australian April consumer inflation expectations higher at 4.6% from 4.3%
Regional risk performs individually while U.S. equity indexes recovered a tad. Chinese March CPI came in lower than estimate and we see the PBoC once again fixed the onshore Yuan much stronger than expected to curb CNY losses.
AUD/USD benefited from these factors, along with solid commodity and higher consumer inflation expectations to trade 0.15% higher at 0.6522.