Data from the National Bureau of Statistics in China showed that the annual consumer price index, which measures inflation, rose at 1.5% in March, compared to 0.9% in the February reading, exceeding expectations that indicated a rise to 1.3%, as these positive numbers come ignoring the health situation that the second person is going through.

The largest economy in the world and facing the worst wave of the Corona virus since the beginning of the epidemic.

On the other hand, the Producer Price Index (PPI) in China rose to 8.3%, compared to an increase of 8.8% in February, while expectations had indicated a decline to 8.1%.

China is suffering from a resurgence in cases of Covid 19, as the city of Shanghai has been closed since last March 28, after it reported 1,006 confirmed cases and nearly 24,000 asymptomatic cases during the past 24 hours, raising fears about an expected economic recession in the second largest economy in the world.

. The Australian dollar has been trading down since the beginning of the session at 0.7450 levels against the US dollar.