Qatar says LNG production to resume within a few weeks
Australian May Headline CPI 4% y/y
Risk stays choppy as traffic began to flow in the Strait of Hormuz. The market is clearly waiting for the next cue with the initial euphoria in Middle East peace and Spacex IPO fades. Major equity indexes are performing individually.
The May monthly headline CPI continues to moderate at 4% y/y. However, trimmed mean CPI, favored by RBA, beats estimate at 3.6% y/y. AUD/USD is trading 0.08% lower at 0.6911.