Australian Dollar (AUD) came under profit taking pressure with the recent AUD/USD rally falling back to 1.0740 early Asia Thursday after high Chinese inflation. Update Chinese January CPI at 4.5% vs. 4.1% y/y previously. Looking ahead, BOE Rate Announcement forecast a hold at 0.5% vs. 0.5% previously with an increase of Asset purchase program to 325bn vs. 275bn previously.
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