9 Dec 2014
NAB business confidence up next - RBS
FXStreet (Bali) - The NAB business confidence in Australia will be released at 00.30 GMT, with RBS FX Strategists noting that with risks of an RBA rate cut rising, the AUD should be sensitive to any dips in domestic indicators.
Key Quotes
"NAB business confidence is released in Australia amid rising concern over the domestic economy in Australia. We recently revised down our expectations for the AUD and Australian interest rates."
"With risks of an RBA rate cut rising, the AUD should be sensitive to any dips in domestic economic indicators – business confidence in particular could be important as it gives an indication of how businesses have responded to a further fall in commodity prices."
Key Quotes
"NAB business confidence is released in Australia amid rising concern over the domestic economy in Australia. We recently revised down our expectations for the AUD and Australian interest rates."
"With risks of an RBA rate cut rising, the AUD should be sensitive to any dips in domestic economic indicators – business confidence in particular could be important as it gives an indication of how businesses have responded to a further fall in commodity prices."