Ai Group Industry Index comes in at -24.2, down from previous -3.5

The Ai Group Industry Index for Australia was released, showing a figure of -24.2. This represents a notable decline from the previous reading of -3.5. No consensus figure was available for comparison with this release. The index measures activity across manufacturing, services, construction, and other sectors.

Following the release, the Australian dollar saw varied movements against major currencies over the first 15 minutes. AUDCAD rose by 4.5 pips, AUDCHF by 7.7 pips, and AUDJPY by 8.8 pips. AUDNZD moved up by 2.7 pips, and AUDUSD gained 1.4 pips. In contrast, EURAUD rose by 5.6 pips, and GBPAUD increased by 11 pips. Comparing these moves to historical data, the 11 pip rise in GBPAUD is at the top-quarter of its typical 1-hour moves, which are 11+ pips after past releases. AUDJPY’s 8.8 pip rise is also above its median 1-hour move of 5 pips and within its top-quarter range of 7+ pips. AUDCHF’s 7.7 pip rise is above its median 1-hour move of 2 pips and within its top-quarter range of 4+ pips. AUDCAD’s 4.5 pip rise is above its median 1-hour move of 3 pips but below its top-quarter range of 6+ pips. AUDNZD’s 2.7 pip rise is below its median 1-hour move of 5 pips. AUDUSD’s 1.4 pip rise is below its median 1-hour move of 2 pips. EURAUD’s 5.6 pip rise is above its median 1-hour move of 3 pips but below its top-quarter range of 9+ pips.