EUR/USD 1.17092
-0.103%
Gold 4339.50
0.156%
Oil 56.513
1.153%
USD/JPY 157.685
1.371%
GBP/USD 1.33734
-0.060%
GBP/JPY 210.883
1.325%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
December 21 - According to the Japan Meteorological Agency, a 5.5-magnitude earthquake struck off the eastern coast of Aomori Prefecture, Japan, at approximately 10:29 a.m. local time on December 21. The maximum tremor was felt as a 4, and the epicenter was 50 kilometers deep.On December 21, the United States intercepted another oil tanker off the coast of Venezuela, which the Venezuelan government called an act of piracy. Jeremy Paner, a partner at the Washington-based law firm Hughes Hubbard and a former investigator with the Office of Foreign Assets Control (OFAC), said the ship was not subject to U.S. sanctions. “The seizure of a vessel not sanctioned by the United States marks a further increase in pressure on Venezuela by Trump,” Paner said. “This also contradicts Trump’s statements that the U.S. will blockade all sanctioned oil tankers.”On December 21, Venezuelan Vice President and Oil Minister Rodríguez condemned the United States for "theft and hijacking" of private vessels carrying Venezuelan oil in international waters on December 20. In a government statement released via social media, Rodríguez stated that this serious act of "piracy" violated international law. He asserted that the colonial model the US government attempted to impose on Venezuela would ultimately fail, and that the Venezuelan government would appeal to the UN Security Council and other multilateral organizations for appropriate action.On December 21, the World Trade Organization (WTO) released its "World Trade Report 2025" on December 20, local time. The report indicates that, with supporting policies in place, artificial intelligence (AI) is expected to increase cross-border trade in goods and services by 34% to 37% and global GDP growth by 12% to 13% by 2040 by improving productivity and reducing trade costs. The report emphasizes the need to bridge the digital infrastructure gap, strengthen skills training, and maintain an open and predictable trading environment to ensure more inclusive growth.According to Business Insider, Apple has advised some employees with visas not to travel outside the United States due to embassy delays.

When is China's Consumer Price Index Calculated and How Might It Affect the AUD?

Drake Hampton

Apr 11, 2022 10:08

 截屏2022-04-11 上午9.50.54.png

 

The National Bureau of Statistics of China is scheduled to issue the Chinese Consumer Price Index and Producer Price Index at 01:30 GMT on Monday.

 

Meanwhile, the economic toll imposed by the coronavirus will be a source of concern for financial markets. Since 28 March, Shanghai has been in lockdown. The city of 26 million residents reported 1,006 confirmed infections and nearly 24,000 asymptomatic cases in the preceding 24 hours, compared to China's total of 23,107 on April 7. Indeed, Omricon is projected to have a significant impact on China's economy. The most current hard data on China's economy are from January and February, which are out of date in light of the Ukraine war, soaring oil prices, and a fresh batch of covid-19 cases.

What is AUD's Reaction Likely to Be?

The price of AUD, which is used as a proxy for Chinese economic events, would come under pressure if the Chinese economy's outlook deteriorated. Today's statistics could be detrimental to the Australian dollar due to the potential of stagflation. Inflation in China has remained subdued thus far this year, with enterprises being burdened by persistently high PPI and rising raw material prices, while the low CPI figure reflects the country's current weak domestic demand. On Monday, the AUD/USD is already under pressure, down 0.2 percent with 30 minutes remaining till the release of the report.

Concerning the China CPI

China's National Bureau of Statistics publishes the Consumer Price Index. It is a metric for the range in retail prices across a representative basket of products and services. The outcome is a thorough summary of the findings from the urban and rural consumer price indices. Inflation erodes the CNY's purchasing power.

 

The CPI is a critical statistic for determining inflation and changes in consumer spending trends. A significant increase in the consumer price index indicates that inflation has become a destabilizing element in the economy, causing the People's Bank of China to tighten monetary policy and increase fiscal policy risk. In general, a high reading is considered beneficial (or bullish) for the CNY, while a low reading is considered negative (or bearish).

Suggestion