Latest data released by the RBA - 1 February 2019
- Prior +10.5%; revise to +10.6%
- Commodity price index (AUD terms) 124.5
- Prior 121.2; revised to 121.6
Slight delay in the release by the source. The data point measures the change in selling prices of those commodities exported by Australia. Commodity prices inched higher again and that's good news for the aussie as it helps with terms of trade. That said, a lot of this has been factored in by the recent run higher in the currency on the back of a stronger yuan as well as rising iron ore prices.
AUD/USD sits near the lows for the day still at 0.7239 currently after having moved lower on the back of weak Chinese PMI figures earlier.
