The big event today is the RBA meeting and announcement (though its expected that there will be no change to the cash rate target, not much at all to the accompanying statement) – preview soon.
2230GMT: AIG Performance of Manufacturing index for March, prior was 48.6
2300GMT: RPData/Rismark house price index for March, prior was 0.0%
It’s the PMI that will be of more focus, though not as much as the data from China later (PMIs – details coming up). The February manufacturing PMI from Australia registered its fourth consecutive month of contraction, although the ‘new orders’ sub-sector edged higher again.
0430 0330GMT: RBA announcement
-
The AUD regained some of its poise in the overnight after a soft Asian session yesterday. Resistance kicks in ahead of 0.9300, support 0.9200 and 0.9230 (orderboard will be coming up soon also).
