The Australian dollar paused its recent downtrend against most of its major opponents on Friday morning in Asia following the release of Chinese April inflation data.
China Consumer Price Index or CPI rose to 3.4 percent year-on-year in April, slower than previous month's figure of 3.6 percent and was in line with forecasts.
Meanwhile, the Chinese producer price index or PPI fell 0.7 percent year on year in April compared to a 0.3 percent fall in March. The market was expecting the PPI to drop by 0.5 percent.
The Australian currency is presently quoted at 80.34 against the yen and 1.0053 against the greenback, with both pairs stabilizing after having reached lows of 80.30 and 1.0046, respectively. Against the euro and NZ dollar, the aussie leveled off around 1.2850 and 1.2840, respectively.
For comments and feedback contact: editorial@rttnews.com
Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.