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17 Apr 2014
Aus Q1 NAB business survey to be largely ignored - NAB
FXStreet (Bali) - Australia’s calendar is quiet today, notes Sean Callow, FX Strategist at Westpac.
Key Quotes
"The Q1 NAB business survey should be largely ignored given we have already seen the Mar monthly outcome. The details of the RBA’s Mar FX reserves will also be released at 11:30am Syd/9:30am Sing/HK, presumably confirming that the sharp rise in gross reserves (A$9bn) was offset elsewhere on the balance sheet. Asia’s calendar is limited to Singapore’s Mar exports data. We will hear more from BoJ governor Kuroda too."
Key Quotes
"The Q1 NAB business survey should be largely ignored given we have already seen the Mar monthly outcome. The details of the RBA’s Mar FX reserves will also be released at 11:30am Syd/9:30am Sing/HK, presumably confirming that the sharp rise in gross reserves (A$9bn) was offset elsewhere on the balance sheet. Asia’s calendar is limited to Singapore’s Mar exports data. We will hear more from BoJ governor Kuroda too."