Due at 2330GMT is the AIG Performance of Services index for June, prior was 49.9
This is not generally a big market focus; unlike yesterday’s trade data where the revisions have weighed on the AUD ever since release:
- Australian trade data … revisions wipe off more than $1bn from cumulative $3.4bn surplus of first 4 mths
- Westpac on the Australian trade balance – The risks … now appear to be tilted to the downside.
Also:
0100GMT: Speech by Glenn Stevens, Governor of the Reserve Bank of Australia (RBA), to the Australian Conference of Economists (ACE) and the Econometric Society Australasian Meeting (ESAM), Hobart
0130GMT: Retail Sales for May, expected is flat at 0.0%m/m change, , prior was +0.2%
0130GMT: Building approvals for May
- For the m/m, expected is 3.2%, prior was -5.6%
- For the y/y, expected is 8.0%, prior was 1.1%
