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Flash: AUD response to China’s Jan CPI to be short-lived - Westpac

FXStreet (Bali) - China’s Jan CPI and PPI data (12:30pm Syd/9:30am local) shouldn’t have much impact, notes Sean Callow, FX Strategist at Westpac.

Key Quotes

"Inflation isn’t a very pressing concern in China right now, with growth having decelerated and the stronger yuan helping cap inflation."

"Any AUD or Asian FX response to a divergence from 2.4% y/y consensus on CPI should be very short-lived."

EUR/AUD consolidating at key resistance

EUR/AUD has stuck to a range in the 1.52 handle through Europe and NY leading into Asia, marking a high of 1.5281 and 1.5200.
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