The Westpac-Melbourne Institute Leading Index tends not to shift AUD around too much upon release.
AUD/USD is moribund around 0.6490.
From WPAC's report:
- The six-month annualised growth rate in the Westpac-Melbourne Institute Leading Index, which indicates the likely pace of economic activity relative to trend three to nine months into the future, nudged back up to +0.04% in September from -0.16% in August.
- Momentum remains subdued compared to start of the year.
- Mixed signals from components with a lack of direction overall.
