Ella 
In Asia on Thursday, NZD/USD rose to around 0.5982. China’s consumer price index (CPI) in March was lower than expected, while the producer price index (PPI) was in line with expectations. Market attention will turn to the U.S. producer price index for March due later on Thursday.
The latest key data from China’s National Bureau of Statistics showed that inflation in the world’s second-largest economy has eased. China’s consumer price index rose at an annualized rate of 0.1% in March, compared with a 0.7% rise in February, and the consensus was for a 0.4% rise. China’s monthly inflation rate in March was -1.0%, the previous value was 1.0%, lower than the expected -0.5%.
Finally, China’s producer price index in March recorded an annual rate of -2.8%, compared with the previous value of -2.7%, in line with market expectations. Concerns about a slowdown in China’s economic growth have grown in recent months, with weak inflation data stoking concerns over uncertainty about the economic outlook, which could limit the upside for China’s proxy currency, NZD/USD.
