Aussie Aussie Aussie
A rare trickle of Aussie dollar headlines during the European session.
Reuters poll:
- All but one of 38 economists polled see the Reserve Bank of Australia holding the cash rate steady at 1.5% at the August 3 meeting.
- Australian rate outlook seen unchanged until September 2019 - Median of 37 analysts
- 21 of 36 respondents see at least 1 hike by December 2018, two predict cuts to 1%
Earlier we saw retail data released:
- Australia Retail Sales for June: +0.4% m/m (expected +0.3%)
- Recap of the Australian Q2 retail sales beat
Price musings:
- Just following the other majors down.
- This is all pretty expected, common knowledge re the RBA
