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A quiet week in the Australian economy

Written by Simon Norrie on August 17th, 2012.      0 comments

Friday 17 August 4:50 PM NZT. It has been what can best be described as an extremely uninteresting week so far in terms of Australian data releases, and subsequent AUD dollar activity. Domestically the NAB Quarterly Business Survey showed weakening conditions, following modestly better activity over recent quarters. This was followed a few days later by the WBC Consumer Sentiment survey, which fell by 2.5% on the previous month. This was a slight surprise, given there had been some positive data coming out of Australia the past few weeks. Looking to next week, we don’t have any key data announcements. However the inferences that come from the RBA’s monetary policy meeting minutes on Tuesday, and more importantly RBA’s Governor Stevens testimony before the Standing Committee on in Canberra on Friday morning, will be of keen interest to the markets.
Topics: AUD
 

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