RBA positive despite data negativity – Westpac

FXStreet (Guatemala) – Sean Callow, analyst at Westpac Banking Corporation noted RBA’s optimism around data despite an analyses of weak performances in the economy.

Key Quotes:

“Australia’s data pulse (% of data stronger than the previous release in a rolling 8 week window) has slumped from 57% midApril to just 36.5% last week.”

“Despite the loss of momentum, the RBA put a positive spin on recent data in its May and June statements. It was particularly encouraged by trends in the job market and household spending.”

Sean Callow, analyst at Westpac Banking Corporation noted RBA’s optimism around data despite an analyses of weak performances in the economy.

(Market News Provided by FXstreet)