AUD/USD flows: Balanced by soft Chinese inflation and solid Chinese equity

The Chinese CPI missed both m/m and y/y. Looking at the bright side, you will see monthly improvement from 0.1% to 0.3% while y/y sunk to -0.8% from -0.3%. Yet, it does not seem to dim the hopium springing in the Chinese equity market. The Chinese equity market continue to sprout three days in a row before the Lunar New Year holiday, on hope of stimulus from the Chinese government that has been mentioning for a month yet without concrete action.

The AUD/USD is well balanced at 0.6521, 0.01% higher for the session.