Local shares has started well this morning overcoming weak offshore leads. AUDUSD recovered some of its losses from last week currently trading at US$0.7776 cents.
There aren’t too much data releases this week to help investors for directions, local focus are NAB Business Confidence & Westpac’s Consumer Confidence data and globally focus will be on CPI & Retail Sales numbers due out in US on Friday.
THIS WEEK DATA RELEASES:
AUD – NAB Business Confidence & RBA Assist Gov Debelle Speaks
GBP – GBP Manufacturing Production m/m
AUD – Westpac Consumer Confidence
USD – FOMC Meeting Minutes, PPI m/m & Unemployment Claims
EUR – ECB President Draghi Speaks
USD – Crude Oil Inventories, CPI m/m, Core CPI m/m, Core Retail Sales m/m & Retail Sales m/m
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