There is not a lot on data agenda for 6 August likely to cause too much ruction in forex rates upon release

0100GMT Australian monthly inflation indicator

  • This comes form the Melbourne Institute, today is for July
  • prior was 0.0% m/m and 2.0% y/y
  • 'trimmed mean' measure was +0.1% m/m and +2.1% y/y (Keeping the RBA not too unhappy at all, their target band is 2 to 3% for core inflation over a cycle)
  • Official CPI data from the Australian Bureau of Statistics is releases only once a quarter, so this monthly data point is taken note of while we wait for the ABS releases (the next one is 31 October)

0100GMT New Zealand - ANZ Commodity Price index for July

  • prior -1.0% m/m and +2.2% y/y
  • (in NZD terms, -1.1% m/m & + 7.4% y/y. If you are an exporter in NZ with bills to pay in NZD (wages etc) the +7.4% y/y is a positive, which is why exporters tend to be not unhappy with a falling local currency)
  • ANZ assess price trends for New Zealand's 17 main commodity exports with this indicator

0200GMT - New Zealand Treasury's Monthly Economic Indicators for July

  • The prior, for June, is here