I posted a few snippets from banks on what to expect, for background here is the link ICYMI.
Home loans -2.5% m/m …. the -2.8% initially hitting seems to be incorrect, its -2.5%
- expected -0.5%, prior +0.8%
Investment lending -2.7% m/m
- expected -1.5%, prior 0.9%
Owner-occupied loans -3.4% m/m
- expected -0.5%, prior 3.4%
Misses *3 for the data.
more to come
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AUD has dropped today after President Trump's tweets over the weekend and the further developments early Monday.
- Trump on Twitter - Says trade deal will be far worse for China in his 2nd term
- White House economic adviser Larry Kudlow says both the US and China "will suffer" in trade war
- Heads up early warning for a headline coming from China on the trade war Monday
- Today's (China - US trade war related) four-letter word is (warning, NSFW) ... 'hope'
- Trump on Twitter again re China trade war - promises bail out for US farmers
- US equity overnight (Globex) futures open lower
- China press (People's Daily) says the US obstructs trade talk progress
- US President Trump taunting China further on Twitter ... "ripping off America!"
And, more