Reuters poll on the RBA

Aussie Aussie Aussie

A rare trickle of Aussie dollar headlines during the European session.

Reuters poll:

• All but one of 38 economists polled see the Reserve Bank of Australia holding the cash rate steady at 1.5% at the August 3 meeting.
• Australian rate outlook seen unchanged until September 2019 - Median of 37 analysts
• 21 of 36 respondents see at least 1 hike by December 2018, two predict cuts to 1%

Earlier we saw retail data released:

• Australia Retail Sales for June: +0.4% m/m (expected +0.3%)
• Recap of the Australian Q2 retail sales beat

Price musings:

• Just following the other majors down.
• This is all pretty expected, common knowledge re the RBA