When are the CPI, PPI and how could they affect AUD/USD?
The National Bureau of Statistics of China (NBS) will publish its data for April at 01.30 GMT. The Consumer Price Index (CPI) is expected to show an increase of 0.8% YoY in April, compared to 1.0% in March.
The expected decrease in CPI may lead to bearish sentiment for the AUD/USD as it indicates weakening inflationary pressure. Traders may react by selling AUD in anticipation of a softer economic outlook.
The National Bureau of Statistics of China (NBS) will publish its data for April at 01.30 GMT. The Consumer Price Index (CPI) is expected to show an increase of 0.8% YoY in April, compared to 1.0% in March.
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