The RBA came out with a surprise 25 BPS hike today, as inflation is still viewed as an issue. This went against many economists' expectations for no change. The decision led to the Aussie dollar strengthening.
Releases on the docket
2 AM ET:
German Industrial Orders
Forecast: 2.8%, Prior -10.7%
Range: 7% to -1.3%
3 AM ET:
ECB Consumer Survey
5 AM ET
Eurozone Retail Sales MoM
Forecast: 0.2%, Prior -1.2%
Eurozone Retail Sales YoY
Forecast: -3%, Prior -3.8%
Speakers on The Docket
3:05 ET: ECB's Knot
3:30 ET: ECB's Vujcic
Good luck traders, and have a wonderful day!
