New Zealand economic growth data is expected not to impress. Q/q is estimated to have declined and while y/y should improve from Q1 flat is expected. The New Zealand dollar was shunted around overnight by the Federal Open Market Committee (FOMC) and the response.
Later is the job data from Australia for August. Unlike the Fed the Reserve Bank of Australia is not concerned too much on the labour market right now. There is some slowing but unemployment is expected to remain steady.
This article was written by Eamonn Sheridan at investinglive.com.