The Chinese yuan is flexing some muscle, as USD/CNY continues to move lower. Currently, the pair is trading at 6.9282, down 0.23% on the day. The pair has not touched this level since late July.
In economic news, Chinese consumer inflation remained steady at 4.5% in December, after hitting its highest level since 2012 in the November release. Still, this was shy of the forecast of 4.7 percent.
AUD/USD is steady on Thursday. Currently, the pair is trading at 0.6871, down 0.06% on the day. Australia’s trade surplus widened to A$5.80 billion in November, up from A$4.50 billion a month earlier. This beat the estimate of A$4.10 billion.
NZD/USD is currently trading at 0.6633, down 0.21% on the day. On the fundamental front, ANZ Commodity Prices declined 2.8% in December, its first decline in five months.