Australian import prices up by 1.4%
Australian export prices have missed expectations in the September quarter, coming in flat against expectations of a 0.6%. Import prices, for the three months through September, rose largely in line with forecasts, increasing 1.4% over the period as the depreciation in the Australian dollar raised costs. Analysts had forecast a 1.6% gain.
Conversely, the weaker currency had an upward impact on the prices received for all of Australia's major exported products, leading to the flat result in export prices. Export prices are now 5.2% lower year-on-year, as commodity markets continue to fall. Meanwhile, import prices have risen by 3.5% over the twelve month period.
Aussie is currently being traded around 0.71 handle. Pair is likely to find support at 0.7080 area and resistance above 0.7130 level. Later today, in the US session, GDP, Unemployment Claims and Pending Home Sales figures are scheduled for a release.
- Popular
-
UK still likely to leave the EU with a negotiated agreement, says Number 10
A successful deal with the European Union remains the “most… -
Sentix Investors Confidence rose to 14.7 in August
The summer heat in Europe is also causing economic temperatures… -
German factory orders -4.0% seasonally adjusted on the previous month
Based on provisional data, the Federal Statistical Office (Destatis) reports… -
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
China's exports are expected to have maintained solid growth in…
Tags
aud/usd2605
boe106
brexit96
china122
cpi147
daily fundamental2278
daily technical2199
ecb113
eur/usd1497
eurozone88
EurUsd1227
forex8896
gbp/usd1447
GbpUsd1111
gdp95
industrial production106
inflation73
interest rates219
ppi93
rba91
resistance71
retail sales125
support71
trade balance108
uk188
unemployment claims160
unemployment rate122
usd1004
weekly fundamental565
weekly technical419