
China’s Consumer Price Index (CPI) rose at an annual pace of 0.3% in October after reporting a 0.4% growth in September. The market consensus was for a 0.4% increase in the reported period.
China’s Producer Price Index (PPI) fell 2.9% YoY in October, following a 2.8% drop in September. The data came in worse than the market forecast of -2.5%.
At the press time, the AUD/USD pair is up 0.03% on the day to trade at 0.6583.
Australian Dollar FAQs
One of the most significant factors for the Australian Dollar (AUD) is the level of interest rates set by the Reserve Bank of Australia (RBA). Because Australia is a
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