Australian PPI rose 0.3% in the September quarter 2016. The raise was mainly due to rises in the prices received for other agriculture which includes bananas, beans and tomatoes (+8.3%), sheep, beef cattle and grain farming; and dairy cattle farming (+11.9%) and electricity supply, gas supply and water supply, sewerage and drainage services (+1.7%).
It was partly offset by falls in the prices received for petroleum refining and petroleum fuel manufacturing (-5.5%), computer and electronic equipment manufacturing (-1.9%) and cigarette and tobacco product manufacturing (-5.0%). It rose 0.5% through the year to the September quarter 2016.
Aussie is currently being traded around 0.7570 level. Pair is likely to find support around 0.7550 handle and resistance above 0.7630 area.
UK still likely to leave the EU with a negotiated agreement, says Number 10
Sentix Investors Confidence rose to 14.7 in August
German factory orders -4.0% seasonally adjusted on the previous month
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
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