Australia Q2 PPI is still rising, but at a slower pace. The slowest pace for a few years (see points below). +0.7% q/q, the slowest rise since the middle of 2023expected +0.9%, prior +0.9% +3.4% y/y, this the slowest rise since Q3 2021prior +3.7%AUD/USD has had minor moves only today. Trump's tariff announcement left Australia on a very favourable (comparatively speaking) 10%. AUD/USD is around 0.6434. Stay tuned, China data is next:Economic calendar Asia Friday, August 1, 2025 - second Chinese manufacturing PMI due today This article was written by Eamonn Sheridan at investinglive.com.