Australian August Private Sector Credit +0.4% m/m (expected +0.3%)

Data from the Reserve Bank of Australia

For the m/m +0.3% was the consensus estimate, total credit growth came in higher at 0.4% m/m. Scanning that screenshot from the RBA website it looks like business credit the culprit.

Meanwhile, AUD has ticked up a little on the session, the Kiwi$ is doing better though:

This article was written by Eamonn Sheridan at Source