Australian Dollar Extends Rally After China CPI, PPI Data




Inflation in China rose 2.5 percent year-over-year in January, unchanged from last year and slightly higher than the 2.4 percent increase expected by economists. Producer price index dropped to 1.6 percent, in line with estimates following previous month's 1.4 percent drop.
The Australian dollar extended its uptrend against its major rivals following the report. As of 8:35 pm ET Thursday, the aussie was trading at 92.26 against the yen, 1.5172 against the euro, 1.0784 against the NZ dollar and 0.9020 against the US dollar.


News are provided by InstaForex.