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China January CPI +4.5%

By   || February 9, 2012 at 01:33 GMT
|| 5 comments || Add comment

Finally we get the correct number after the earlier false start, but the outcome is the same with the AUD lower on the higher than expected Chinese inflation data.

Food CPI is +10.5% YoY and this is one phenomenon which is consistent the world over, rising food prices. China will be reluctant to ease policy in the face of any inflationary threat and that might curtail domestic investment and so affect demand for resources.

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Category: All, Asia
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5 Responses to “China January CPI +4.5%”

  1. Jason on February 9th, 2012 01:34 GMT

    Ouch!
    Not shorting, just gonna wait cos the buggers no doubt will juice it later on some news (bogus or otherwise) or other.

  2. Troy on February 9th, 2012 01:48 GMT

    Hi Sean, what do you make of the price action an hour or so before this China CPI release?

  3. Sean Lee on February 9th, 2012 01:51 GMT

    Troy, looks to me like the mkt is long AUD? I’m talking my book here in that I’m short AUD against the USD and the GBP, but it smells to me that the AUD is ripe for a retracement

  4. amir on February 9th, 2012 01:56 GMT

    HI sean jamie and adam rigth when everyone aspect aud going up then it goes down down and down

  5. unknowname on February 9th, 2012 02:32 GMT

    Sean …. so its more likely the data still good on aud side ? because PPI are below 4cast.. but the CPI more than 4cast… mixed data … aud$ still rise at the moment.. my poor view its should be sell off :) ….

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