Australian Economy witnessed an unexpected fall on its' Producer Price index for the first quarter of the year which considered the first time in more than two years, where today's fell in PPI index supported by cheaper farm goods and industrial machinery amid weaker local currency.

Australian economy released its producer Price index for the first quarter, where the index unexpectedly fell in the first quarter to -0.3% compared with previous of 0.3% where expectations were leading to 0.4%.

While on yearly basis the actual is 1.4% compared with previous of 2.9%, while analysts' forecasts were 2.2% in the first quarter.

Moreover, Glenn Stevens the governor of Reserve Bank of Australia pointed early in 3rd march that he might end the series of pausing the interest rate during the upcoming meeting according to the expected growth and inflation rates, which may boos the nation's economy to get back on growth' track.