Australian data: Q3 PPI ( +0.9% q/q) and private sector credit (+0.8% m/m)

Australian data, neither of these is usually much of an immediate FX mover

Private Sector Credit for September:

• +0.8% m/m, expected 0.5%, prior was 0.6%
• +6.7% y/y, expected 6.3%, prior was 6.3%

While I'm at it ... business credit is up 1.2% m/m (was up 0.5% last month) and up 3.8% y/y

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And ... Q3 PPI,

• +0.9% q/q, prior was +0.3%
• +1.7% y/y , prior was +1.1%

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If the PPI is indicative of inflation in the pipeline then its casting a different light than the CPI data earlier this week (you'll recall it came in quite low). It may well cause a few of those tipping an RBA rate cut next week to rethink too.

AUD liking it, on session highs .... but in the context of a quiet range so far today though.