Chinese inflation a touch stronger-than-expected

FXStreet (Bali) - China Consumer Price Index (MoM) came at -0.5% in March, slightly above forecasts of- 0.6%, with the yearly reading at 1.4%, above forecasts of 1.3%. Meanwhile, China's Producer Price Index (YoY) registered at -4.6%, above expectations of -4.8%. The market will likely interpret the data as negative the Aussie Dollar given that it makes the prospects of easing by the PBOC not as high as one would expect in the near term.