Australia Q2 PPI is still rising, but at a slower pace. The slowest pace for a few years (see points below).
+0.7% q/q, the slowest rise since the middle of 2023
- expected +0.9%, prior +0.9%
+3.4% y/y, this the slowest rise since Q3 2021
- prior +3.7%
AUD/USD has had minor moves only today. Trump's tariff announcement left Australia on a very favourable (comparatively speaking) 10%.
AUD/USD is around 0.6434.
Stay tuned, China data is next:
