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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