Australia ANZ/Roy Morgan Weekly Consumer Confidence Index (28/Aug): 118.4 (prev 121.8)
Australia Building Approvals (MoM, Jul): 11.30% (est 1.10%, prev -2.90%)
Australia Building Approvals (YoY, Jul): 3.10% (est -8.30%, prev -5.90%)
New Zealand Building Consents (MoM, Jul): -10.5% (prev 16.3%)
UK CBI Services Sector Survey: Business Optimism: -30 (prev: -5)
UK CBI Consumer Optimism: -37 (prev: 9)
UK CBI: Services sector optimism drops sharply post-Brexit
PBoC fixes yuan at 6.6812 (vs prev 6.6856, prev close 6.6838)
RBNZ's McDermott: Confident inflation will rise naturally to the 1-3% band, RBNZ will do what is appropriate to raise inflation
RBNZ's McDermott: Don't think we are getting to zero rate, monetary policy still works
The US Dollar appreciated against most major currencies overnight. USD/JPY bounced off 101.75 support ahead of the Tokyo open and rallied to a high of 102.25. The chance of a Fed rate hike this year has increased and continues to keep the USD supported. Traders are now looking forward to the main event of this week – NFP on Friday. A strong number could make it difficult for the Fed to wait much longer with a rate hike.
EUR/USD traded 1.1170-90 overnight, while GBP/USD spent the session in a 1.3075-1.3120 range. Trading has been subdued yesterday amid an UK bank holiday and lack of data/events.
AUD/USD traded slightly lower in the early Asian session and reached a low of 0.7560, but eventually recovered and made it back to 0.7575. NZD/USD is consolidating around 0.7250 and is basically unchanged on the day.