FXStreet (Guatemala) – Analysts at NAB explained that the main Australian event this week will be the RBA Governor’s speech on tonight.
Key Quotes:
“This may shed some new information on how the RBA is seeing the Australian economy and in particular why the labour market is performing better than the Bank expected.”
“We think the reason is that the much larger non-mining economy is outperforming the weak mining economy.”
“The Q2 CPI seems less market relevant, given the likely focus of the Bank on activity trends and given low wages growth will continue to keep inflation broadly contained, irrespective of the Q2 outcome.”
(Market News Provided by FXstreet)