Australian Import Prices down by 0.2%

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Thursday, Apr 30 2015

Latest released showed that Australian Import Price Index fell 0.2% in the March quarter 2015. Analysts were predicting 1.1% increase. Through the year to the March quarter 2015, the Import Price Index fell 3.0%. The Export Price Index fell 0.8% in the March quarter 2015. Through the year to the March quarter 2015, the Export Price Index fell 12.2%. That missed forecasts for a flat reading, which would have been unchanged from the previous three months.

Separate report on Private Sector Credit showed 0.5% growth in line with market forecasts. Largest contributor to the growth was housing sector credit with 0.6% incline, though both personal and business credits rose. On a yearly basis credits rose by 6.2% to March 2015, above 4.4% in March of 2014.

After the data Aussie declined and is currently being traded slightly below 0.80 handle. Pair is likely to find support around 0.7930 area and resistance above 0.8050 level. Later today, in the US session, Unemployment Claims and Chicago PMI figures are scheduled for a release.

More in this category: « Fed's latest statement leaves little space for June rate hike German Retail Sales data showed 2.3% decline »

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