There are a few items on the economic data agenda from Australia today
2230GMT - AIG Performance of Manufacturing index for February, prior was 49.0
2300GMT - CoreLogic RP Data house prices for February, prior was +1.3%
2330GMT -TD Securities/Melbourne Institute (MI) Inflation Gauge for February
- prior was +0.1% m/m and +1.5% y/y
0000GMT - HIA New Home Sales for January, prior was -1.9% m/m
0030GMT - Company profits for Q4
- expected is +0.5%, prior was +0.5% q/q
0030GMT - Inventories for Q4
- expected is +0.1%, prior was +0.7%
0530GMT - Commodity price index for February, prior was -20.4% to 87.3
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We also get the HSBC China manufacturing PMI today, which will impact on the AUD.
Over the weekend we got the official manufacturing and non-manufacturing PMIs, which came in a little (a little) better that for January. And ... of course ... a rate cut out of China!
Both of these added a bit to the AUD in the very, very early this morning in New Zealand, with the AUD/USD currently sitting just around its late Friday level now at 0.7808: