In the upcoming Asian session we will get the release of the Australian CPI data for the first quarter. We had a prelude, the curtain opener, to that report in Monday’s mornings Asian session as producer prices in Australia fell 0.3% in the first quarter, a reading that was a good deal below the forecast a 0.5% gain. With producer prices falling that should filter down into weaker consumer prices in the coming quarter and should mean that inflation pressures remain subdued. In terms of consumer prices, CPI is expected to climb 0.8% in the first quarter, the the annual pace is expected to drop to 2.2% from the fourth ... (full story)