Yesterday we got the National Australia Bank business confidence and activity indices, which came in poorly yet again. We also got the little watched Roy Morgan Business Confidence survey, which showed improvement.

Today its the Westpac consumer confidence measure for August, due for release at 0030GMT

  • Prior was a drop of 0.1% to 102.1

Then, at 0130GMT:

Q2 Wage cost index:

  • Expected is +0.7% q/q, +3.0% y/y
  • Prior was +0.7% q/q and +3.2% y/y

Adam has been all over the AUD today:

The Australian dollar needs to make a stand here

AUD/USD takes out the stops below 0.9080

A healthy correction ahead of a bigger Aussie squeeze? – technical analysis