AUD/USD, China's CPI eclipses sales-induced bounce

FXstreet.com (Bali) - The AUD has reacted negatively to the Chinese data, being rejected off 0.8910 highs post retail sales, to currently trade down at around 0.8890, as the Chinese lower-than-expected CPI suggests a softer Chinese economy.

According to David Scutt, Treasury Dealer at Arabic Bank Australia, from his Twitter account: "As opposed to previous years when low CPI = more stimulus, in 2014, with the PBoC keeping MM tight, it means a slowing Chinese economy..."