Data from Australia:
Q2 PPI
- +0.3% q/q prior was 0.5%
- +1.1% y/y, prior was 0.7%
Also at 0130GMT, Private Sector Credit for June:
- +0.4% m/m, expected is 0.5%, prior was 0.5%
- +5.9% y/y, expected is 6.0%, prior was 6.2%
- Housing credit +0.6% m/m (+0.6% m/m prior) +7.3% y/y
- Investor housing credit +10.7% y/y (prior was +10.4% y/y)
- Business credit 0.0% m/m (+0.4% m/m prior) +6.6% y/y
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Little response from the AUD... meanwhile NZD still slipping after the 6-year low for business confidence: