Australian March retail sales +0.3% m/m (expected +0.4%)

Australian March retail sales

+0.3% m/m, improved from February but not by as much as was expect

• expected +0.4%, prior +0.2%

0.0% q.q in Q1 2025

• prior +1.0%

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Data also for PPI, Q1 2025:

+0.9% q/q

• prior +0.8%

+3.7% y/y

• prior +3.7% also

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AUD rose earlier on the China news:

• China says the US has sought to begin trade talks, China says its thinking about it …
• A big turn around for US equity index trade – higher on Globex on China comments

This article was written by Eamonn Sheridan at www.forexlive.com.