Forex
RBA Rate Decision Unfolds Amid Busy Economic Data Calendar
The Reserve Bank of Australia will announce its policy rate decision at 1:30 p.m. Japan time, with markets expecting it to hold rates at 4.60%, following the previous level of 4.35%.
Today is a busy day for major economic indicators from Europe and the United States, including U.S. housing market trends, shifts in labor supply and demand, and eurozone business sentiment.
The S&P CoreLogic Case-Shiller 20-City Home Price Index for July is expected to rise 0.20% month-over-month (prior: 0.24%), while the FHFA House Price Index for July is forecast at 0% month-over-month.
In Japan, the July Indexes of Business Conditions will be released at 2:00 p.m., with a market consensus calling for a leading CI of 117.9 and a coincident index of 120.6.