China's inflation softens more than expected in March

China's Consumer Price Index (MoM) (March) came in at -1.1% vs -0.5% exp and 1.2% last, while Consumer Price Index (YoY) (March) was 2.1% vs 2.6% exp and 2.9% last.

Meanwhile, China’s Producer Price Index (YoY) (March) arrived at 3.1% vs 3.2% exp and 3.7% last.

Downbeat Chinese price pressures data appear to have little impact on the Aussie, with the spot keeping its range near three-week highs of 0.7769.