Good Morning, Traders!
Today is the 6th of March or the 7th of March depending on where you are, the day of the important RBA Cash Rate.
Sentiment
The US dollar was barely changed ahead of Fed's Powell's Senate appearance on Tuesday. The euro climbed on the back of a more aggressive rate outlook, while the Australian and New Zealand currencies fell the most versus the US dollar among the group of ten currencies.
Docket
6:00 PM ET
S. Korean GDP
YoY Revised - Forecast: 1.4% | Prior: 1.4%
QoQ Revised - Forecast: -0.4% | Prior: -0.4%
10:00 PM ET
Chinese Trade Balance USD (Tentative) - Forecast: | Prior: 78.00B
Chinese Imports YoY USD (Tentative) - Forecast: | Prior: -7.5%
Chinese Exports YoY USD (Tentative) - Forecast: | Prior: -9.9%
10:30 PM ET
RBA Cash Rate - Forecast is for a 25 bps hike to 3.6%
RBA Rate Statement
Good luck!
