Published: 2024-05-13T05:00:09.000Z
AUD/USD flows: Soft regional sentiment
FX Analyst
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China to switch off real-time info on foreign flows in stocks today
China plans to issue special ultra-long term treasury bonds to raise 1 trillion yuan
China's April CPI +0.3% y/y vs. +0.1% expected
China's April CPI came in stronger at +0.3% y/y than +0.1% expected. While this is good news, PPI continues to be in negative territories and would remain a drag on CPI. There aslo some headlines from the Chinese front but none is as important as Biden's upcoming tariff to be imposed.
Chinese equities opened lower and has barely closed the gap. AUD/USD is trading 0.13% lower at 0.6594.