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By Eric Andersen, THE TAKEAWAY : Aussie Consumer Inflation Expectation Rose to 2.7% from 2.5% > Market Risk Aversion in the Face of Slowing Chinese Growth Poor for Aussie Dollar > AUDUSD Continued to Fall Data released by the Melbourne Institute of Applied Economic and Social Research showed that Australian inflation expectations rose this month. The country’s consumers expected price levels to rise to 2.7 percent for the month of March, up from 2.5 percent during February. The Australian Dollar has been trending downwards this month as overarching risk appetite has moved traders away from the Aussie. Recent negative growth estimates in China have tempered appetites for the currency. China is Australia’s largest consumer of mining and construction exports, and slower Chinese economic growth equates to a decline in demand for Aussie goods. Contracting demand for Australian exports would hurt to country’s manufacturing and mining sectors, and the Australian dollar would suffer as a result. The inflation estimates have hovered in between the 2.4 percent to 2.8 percent range for the last five months, and March’s figure certainly continues the pattern. Markets appeared unaffected by the data, and the AUDUSD continued its slow trend downward.