What's on the economic calendar in the hours ahead
New Zealand returns from holiday today as the market digests the hawkish snack from Yellen earlier today.
The first item on the agenda is the lowly (but fun to say) New Zealand truckometer index for May at 2200 GMT. The prior was -2.4 m/m.
A bit of UK data comes at 2301 GMT with the BRC sales index for May. It's expected up 0.3%. We will be watching for any polls that cross.
Then i's Australia's turn in the spotlight with the AiG performance of construction index for May. The prior was 50.8.
The main event
It all leads up to the RBA interest rate announcement at 0430 GMT. Expectations of a rate cut are extremely low but Stevens may send signals about July and August. The probabilities of a cut in the OIS market are 21.6% from July and 43.6% for September.
