Due from Australia today
2230GMT: ANZ Roy Morgan weekly Consumer Sentiment for the week ended 29 November
- prior was 114.5
Also at 2330GMT: AIG Performance of Manufacturing index for November,
- prior was 50.2. for the fourth consecutive expansion
2300GMT: CoreLogic RP house price data for November
- prior was +0.2%
0030GMT: Building approvals for October. Ordinarily this would be a major focus for the currency market, but with the RBA due a few hours later the impact shoud be less than usual
- m/m, expected is -2.5%, prior was +2.2%
- For the y/y, expected is +5.7%, prior was 21.4%
0330GMT - RBA decision and accompanying statement. iIll have more on this to come, but in brief there is no change in policy expected. RBA governor Glenn Stevens has already told us all to chill out for summer. Good advice.
The accompanying statement - I suspect we'll get a renewed effort to talk the AUD down. The Reserve Bank of Australia does not want this resilience to persist.