Australia Producer Price Index (YoY) fell from previous 1.4% to 1.3% in 1Q

May 1, 2020

Australia Producer Price Index (QoQ): 0.2% (1Q) vs previous 0.3%

AUD/NZD bears taking control with eyes on a mean reversion

AUD/NZD fell from 1.0690 to 1.0608 overnight and is sticking to a tighter range in Tokyo today between 1.0608 and 1.0634, flat at the time of writing.