Australian credit growth is continuing:
Australia Private Sector Credit April 2025 +0.7% m/m (expected +0.5%, prior +0.5%)
But retail sales and building permits data out at the same time were both disppoitning:
Australian April 2025 retail sales -0.1% m/m (expected +0.3%)Australian April building permits -5.7% m/m (expected +3.1%)
AUD/USD is a little lower, but the caveat is so is EUR, GBP, NZD, CAD – so I’m not pointing too juch of a finger at the local data.
USD/JPY is the big mover today, its just bounced from lows under 143.50.
Anyway, AUD update:
This article was written by Eamonn Sheridan at www.forexlive.com.