AUD a little lower – poor retail sales cited (there’s a but, though)

Australian credit growth is continuing:

• Australia Private Sector Credit April 2025 +0.7% m/m (expected +0.5%, prior +0.5%)

But retail sales and building permits data out at the same time were both disppoitning:

• Australian April 2025 retail sales -0.1% m/m (expected +0.3%)
• Australian April building permits -5.7% m/m (expected +3.1%)

AUD/USD is a little lower, but the caveat is so is EUR, GBP, NZD, CAD – so I’m not pointing too juch of a finger at the local data.

USD/JPY is the big mover today, its just bounced from lows under 143.50.

Anyway, AUD update:

This article was written by Eamonn Sheridan at www.forexlive.com.