9 Dec 2014
NAB business confidence, ABS’s labour review eyed - Westpac
FXStreet (Bali) - Sean Callow, FX Strategist at Westpac, breaks down the key events in Asia, with the focus now shifted to NAB business confidence and the ABS’s “independent technical review into the Labour Force survey”, both due at 00.30 GMT.
Key Quotes
"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."
"Due at the same time is the ABS’s “independent technical review into the Labour Force survey”, announced on 8 October after the debacle over seasonal factors caused it to switch to unadjusted data for selected months. It is not clear what this will produce but there is some chance yet more revisions will be revealed."
Key Quotes
"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."
"Due at the same time is the ABS’s “independent technical review into the Labour Force survey”, announced on 8 October after the debacle over seasonal factors caused it to switch to unadjusted data for selected months. It is not clear what this will produce but there is some chance yet more revisions will be revealed."