The so called Aussie has pushed marginally higher against all the crosses overnight thanks to a little uptick in positive global sentiment which has seen equities and commodities including iron ore edge higher over the past 24 hours. Monetary policy minutes from the latest RBA meeting is due at 11.30am and will as per usual be watched closely for an indication on where the economy and rates are headed.
Building permits out of the U.S are due later this evening and while it’s not typically associated with big moves in AUD/USD it’ll hold more clout given the upcoming U.S Fed Interest Rate decision due Thursday morning. Economists are expecting U.S building permits to edge higher with 1.17M new permits annualised, which would equate to 6 revisions higher in the past 6 months – not bad growth at all considering we’re about 10 years since the GFC.
DATA RELEASES TODAY:
AUD – Monetary Policy Minutes at 11.30am
USD – Building Permits at 10.30pm
NZD – GDT Price Index early AM tomorrow
AUD EXCHANGE RATES:
AUD/USD – 0.7537
AUD/GBP – 0.5781
AUD/EUR – 0.6744
AUD/NZD – 1.0323
AUD/JPY – 76.766
***Above rates are indicative wholesale rates and intended as a guide only***
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