Latest data released by the RBA - 2 January 2018
- In AUD terms y/y, the index decreased by 5.1%
- Commodity price index (AUD terms) 129.4
- Prior 125.6; revised to 124.8
This data point measures the change in selling prices of those commodities that's exported by from Australia. Commodities in general play a big part in Australia's exports/economy, and China is the biggest trade partner in that regard to Australia - which is why the earlier China PMI data (better than expected) helped the AUD to gain on the day.
The full report can be found here.
Not much change to the AUD after the data release, AUD/USD still at 0.7840 - near session highs.
