Australian data for Q1 2025, Business Inventories biggest increase since Q1 2024 ...Middle East

Current Account Balance -14.7bn AUD

expected -13.1bn, prior -12.5bn

expected +1.3%, prior +5.9%

Business Inventories +0.8% q/q will add to GDP growth (around +0.1 of a point)

expected +0.1%, prior +0.1%+0.7% y/y biggest increase since Q1 2024, driven by a sharp rise in inventories for miners and electricity providers, also rebounded in manufacturing

expected 0.0%, prior +0.2%

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I was slow on this data, time taken up with some important remarks from Bank of Japan Governor Ueda torpedoing JPY lower.

Bank of Japan Governor Ueda comment has slammed the yen lower This article was written by Eamonn Sheridan at www.forexlive.com.

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