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AUD/USD Bears May Remain In Control as Chinese CPI Disappoints 2021-07-09 02:00:00 Brendan Fagan, AUD/USD, PBOC, Chinese Inflation, China Talking Points: Chinese CPI for June comes in at 1.1% (YoY) vs. consensus estimate of 1.3% AUD/USD remains near September 2020 high amid virus fears and Federal Reserve hawkishness Regulatory pressure remains heavy as Beijing cracks down on foreign listed entities Advertisement China’s June Consumer Price Index (CPI) disappointed on Friday morning, coming in at 1.1% against an expected reading of 1.3% on a year-over-year basis. The Producer Price Index (PPI) for June was in line with estimates, coming in at 8.8%. The data will certainly catch the attention of Beijing, who just this week publicly stated their intention to implement further monetary easing to help the economy. The slightly disappointing prints come amid a period of sustained strength for the Greenback against the Offshore Yuan (CNH). Dollar strength of late comes on the he

United statesBrendan faganLi keqiangYork stock exchangeNew york stock exchangeFederal reserveChinese inflationChina talking pointsJune consumer price indexProducer price indexOffshore yuanJune fedMay remain in controlAnt financialDidi globalNew york stock