Retail sales data from Australia is the focus, given the Reserve Bank of Australia policy meeting is just around the corner (July 4). Steadily rising rates from the Bank are weighing on consumption. The median expectation is for a sliver of a gain m/m only. A number lower than this will bring more pressure to bear on AUD, which slipped yesterday on better inflation numbers trimming the chance of an RBA rate cut next week even further. Although, not everyone is on board with this:
This snapshot from the ForexLive economic data calendar, access it here.
The times in the left-most column are GMT.
The numbers in the right-most column are the 'prior' (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected.
