AUD PPI y/y comes in at 3.6% against 3.3% consensus
| Pair | Now | Since publish |
|---|---|---|
| AUDUSD | — | — |
Australia’s PPI y/y was reported at 3.6%. This figure came in above the consensus expectation of 3.3% and also exceeded the previous reading of 3%. The actual print represented a 9.1% surprise relative to the consensus forecast.
Measured market reaction 15 minutes after the release showed varied movements across AUD pairs. AUDCAD moved up 0.3 pips, AUDCHF gained 2.0 pips, and AUDJPY rose 4.9 pips. AUDNZD was up 0.8 pips. Conversely, AUDUSD declined 0.8 pips, EURAUD fell 2.3 pips, and GBPAUD dropped 4.8 pips. These initial movements are generally small when compared to the typical median 1-hour moves observed after past releases. For example, AUDJPY’s 4.9 pips move is less than its median 1-hour move of 8 pips, and AUDUSD’s 0.8 pips decline is notably smaller than its median 1-hour move of 6 pips.