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.
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Greg Holden is the Chief Market Analyst at ForexYard. Greg uses his detailed knowledge of fundamental and technical analysis to provide some of the leading market forecasts in the forex world today. A guest lecturer at forex symposiums and Chief Editor of ForexYard's analysis center, Greg brings highly detailed and easy-to-use market analyses to his clientele. He has been published on ForexYard's Trading Blog and affiliate websites. Greg holds degrees in Political Science and Economics from Missouri State University, as well as a Masters degree in Middle Eastern History.
