Australian Housing Credit MoM (Mar) M/M 0.6% (Prev. 0.6%)
The Australian Housing Credit data shows a steady month-over-month growth at 0.6%, mirroring the previous month’s performance.
Chinese RatingDog Manufacturing PMI (Apr) M/M 52.2 vs exp. 50.9 (prev. 50.8)
US CENTCOM has asked to send the Army's hypersonic missile to the Middle East for possible use against Iran, Bloomberg reports citing sources
Australian Housing Credit MoM (Mar) M/M 0.6% (Prev. 0.6%)
PBoC injects CNY 126.2bln via 7-day reverse repos with the rate maintained at 1.40%
PBoC sets USD/CNY mid-point at 6.8628 vs exp. 6.8414 (prev. 6.8608)
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This consistency suggests that housing credit conditions remain stable, which could support overall economic resilience in Australia. However, with no acceleration in growth, it may indicate limited upward pressure on interest rates in the near term, as policymakers may prioritize other economic indicators.
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