Aussie Posts Small Losses After Data from Australia & China

The Australian dollar fell after the release of economic reports from Australia and China, but the losses were rather limited despite the nervous sentiment among investors due to rising geopolitical risks.

China’s official Consumer Price Index rose 0.9% in March, year-on-year, more than in the previous month (0.8%) but less than analysts had predicted (1.1%). The Producer Price Index was up 7.6% in March, year-on-year, less than in February (7.8%) but more than was forecast (7.4%).

As for Australian macroeconomic data, the Westpac-Melbourne Institute Index of Consumer Sentiment fell by 0.7% in April from March after rising 0.1% in the previous reporting period.

AUD/USD slipped from 0.7496 to 0.7490 as of 10:32 GMT today. EUR/AUD ticked up from 1.4138 to 1.4151 but backed off from the daily high of 1.4181.

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