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Chinese Consumer Price Index YoYand MoM for January has been released as well as the Producer Price Index YoY.
The CPI was the fastest rise since October 2011.
Markets have ignored the data as it simply does not tie-up with the true situation in China and the implications of the coronavirus.
The coronavirus is taking up the attention of markets and how the contagion could spread throughout the world and affect the global economy. As for the Chinese, the authorities are using extra fiscal budgets and central bank lending to fight the effects of the virus. These measures help to take some of the downside impacts in currencies such as the Aussie, but that tends to be short-lived and AUD will continue to find pressures until there is a solution and the virus is irradiated.