AUD/USD takes a U-turn from the intraday high of near 0.6800 as bulls struggle to cheer upbeat inflation clues from Australia amid mixed China data published early Thursday. However, the softer US inflation and hawkish statements in the Reserve Bank of Australia (RBA) documents released under the Freedom of Information (FOI) request keep the Aussie pair buyers hopeful. China’s headline Consumer Price Index (CPI) eases to 0.1% YoY from 0.7% prior, versus 0.3% expected, while the Producer Price Index (PPI) slides to -3.6% YoY compared to -3.2% market consensus and -2.5% previous readings. Earlier in the day, ... (full story)