Australian commodity data for April now out 2 May

  • mm +2% vs +6,3% prev
  • prev revised down from -15.4%
  • commodity index AUD 87.00 vs 86.4 prev revised down from 86.6

YY falls led by declines in base metals.

Says the RBA:

Increases in the prices of iron ore and coking coal were partly offset by lower LNG prices. The base metals sub-index was little changed, while the rural subindex rose in the month. In Australian dollar terms, the index rose by 0.6 per cent in April.

Full release from the RBA here

Meanwhile AUDUSD running into demand again below 0.7600 and currently 0.7612