Australian Dollar Mixed After Producer Inflation Unexpectedly Slows

The Australian dollar was mixed today, rising against such currencies as the euro and Swiss franc but falling against the US dollar and the Japanese yen, after a report showed that Australia’s producer inflation slowed unexpectedly.
The Australian Bureau of Statistics reported that the Producer Price Index rose 0.3% in the June quarter from the previous three months. Analysts had expected the same 0.5% rate of growth as in the March quarter.
Next week, there will be quite a few economic releases in Australia, including such important ones as trade balance and retail sales.
AUD/USD traded near opening level of 0.7376 as of 11:25 GMT today after rising to the daily high of 0.7395 earlier. EUR/AUD declined from 1.5780 to 1.5760.

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