ForexLive Asia FX news wrap: AUD dumped on low CPI

Forex news for Asia trading
for Wednesday
April 2021

data focus for the session was Australian Q1 2021 CPI which came in
under expectations on all three measures and at a record low for the
‘core’ trimmed mean indicator. Looking ahead the y/y measures
will get a boost from base effects ion Q2 … but, for today the
response was to very weak inflation. The Australian dollar was marked
lower while, on the bright side, local equities lifted higher.

in forex the USD was broadly a little better bid; EUR, NZD, CHF, GBP,
yen have all lost a few points, as has gold.

from the Aussie CPI the other data and news flows were light and not
of much impact. Asia was not as quiet as it normally is pre-FOMC but
it was not overly active. Note that Japan begins a week-long holiday
Thursday (local time), i.e. tomorrow.


People’s Bank of China
set the reference rate for the onshore yuan at its strongest since
March 12 today.

ticked higher.


  • Japan’s
    Nikkei +0.4%,
    Topix +0.4%

  • China’s
    Shanghai Composite +0.1%

  • Hong
    Kong’s Hang Seng +0.15%

  • Australia’s
    S&P/ASX 200 +0.45%

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