Australian March retail sales
+0.3% m/m, improved from February but not by as much as was expect
- expected +0.4%, prior +0.2%
0.0% q.q in Q1 2025, no change during the quarter is a very soft reading
- prior +1.0%
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Data also for PPI, Q1 2025:
+0.9% q/q
- prior +0.8%
+3.7% y/y
- prior +3.7% also
PPI outrunning CPI.
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AUD rose earlier on the China news:
- China says the US has sought to begin trade talks, China says its thinking about it …
- A big turn around for US equity index trade – higher on Globex on China comments
This article was written by Eamonn Sheridan at www.forexlive.com.
