The AUD/USD pair was slightly down early Thursday, after Chinese CPI increased worries over the state of the economy and the biggest Australian trade partner.
The slight decline in China’s inflation was not enough for investors to be sure that the Chinese authorities will shift their monetary policy focus to the economic growth, which affected negatively on the Aussie.
On Friday at 13:30 GMT, the U.S. economy will issue the Import Price Index for December, where it’s expected to drop to 0.1% from the prior reading of 0.7%, while the annual reading had a previous reading of 9.9%.
The U.S. Trade Balance will be up at 13:30 GMT, where it’s expected to show a deficit of $45.0 billion from the prior deficit of $43.5 billion.
At 14:55 GMT, the University of Michigan Confidence for January will be released, where it had a prior reading of 69.9 and it’s expected to up to 70.3.
Originally posted here
