Source: ForexYard
The quarterly report on the Australian producer price index (PPI) revealed a slow-down in growth from an expected 0.8% to a reading of 0.6%. The indicator suggests that price increases related to increased demand for produced goods has diminished somewhat as the Australian economy turns mildly sluggish.
This report has so far dragged the Australian dollar (AUD) down mildly this morning, but speculators are turning their attention to the risk appetite of European nations this afternoon following the manufacturing and service reports out of the euro zone.
Read more forex trading news on our forex blog.
Forex Market Analysis provided by ForexYard.
© 2006 by FxYard Ltd
Disclaimer: Trading Foreign Exchange carries a high level of risk and may not be suitable for all investors. There is a possibility that you could sustain a loss of all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with Foreign Exchange trading.
