Australian data for Q1 2025 from earlier:
Current Account Balance -14.7bn AUD
expected -13.1bn, prior -12.5bn
Gross Company Profits -0.5% q/q
expected +1.3%, prior +5.9%
Business Inventories +0.8% q/q will add to GDP growth (around +0.1 of a point)
expected +0.1%, prior +0.1%+0.7% y/y biggest increase since Q1 2024, driven by a sharp rise in inventories for miners and electricity providers, also rebounded in manufacturing
Net Exports Contribution to GDP -0.1%
expected 0.0%, prior +0.2%
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I was slow on this data, time taken up with some important remarks from Bank of Japan Governor Ueda torpedoing JPY lower.
Bank of Japan Governor Ueda comment has slammed the yen lower
This article was written by Eamonn Sheridan at www.forexlive.com.