Australia Balance of Payment Current Account Balance: AUD -13.5bn (expected AUD -11bn)

For Q2 of 2018 (April to June quarter)

Australia Balance of Payment Current Account Balance AUD -13.5bn for a miss

• expected AUD -11bn, prior -11.7bn, revised from -10.5bn

'Net exports as a % of GDP' in at +0.1% (this is an input to GDP)

• expected 0.1%, prior 0.3%

Expectations for tomorrow's Q2 GDP are edging ever so slightly higher given the 'partials' we have seen so far. AUD supportive? Maybe, at the margin, but don't forget the GDP is for Q2 and we are now in the back half of Q3 and dealing with current concerns, not those of Q2. Still, better GDP is not a negative, so there is that.

For background on this:

• Australian data today ... expectations are low for exports

And, yet to come from Australia today:

• The risk for the AUD today is related to the risk for the RBA
• Preview of the RBA September monetary policy announcement and statement
• Where to for the AUD today - trading the RBA
• RBA meet Tuesday - preview for what is an assured result
• AUD traders - RBA September meeting is Tuesday - preview