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Japan PM Ishiba – no change to stance of requesting US cancel tariffs

Japan Prime Minister Ishiba

  • No change at all to our stance of requesting U.S. to cancel tariffs
  • Not in situation where we have found common ground yet
  • But received report from Akazawa that talks were forward-looking
  • Reaching a deal in haste is not necessarily in the best interest

This article was written by Eamonn Sheridan at www.forexlive.com.

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Australian March retail sales +0.3% m/m (expected +0.4%)

Australian March retail sales

+0.3% m/m, improved from February but not by as much as was expect

  • expected +0.4%, prior +0.2%

0.0% q.q in Q1 2025, no change during the quarter is a very soft reading

  • prior +1.0%

Data also for PPI, Q1 2025:

+0.9% q/q

  • prior +0.8%

+3.7% y/y

  • prior +3.7% also

PPI outrunning CPI.

AUD rose earlier on the China news:

This article was written by Eamonn Sheridan at www.forexlive.com.

Australian March retail sales +0.3% m/m (expected +0.4%) Read More »