AUD

Westpac. Australian economy likely to stall in 2H 2023

• Forecast from Westpac

Australia's S&P/ASX 200 index up 0.4% in early trading

• Looking to snap a 3 day decline

RBA publishes two crypto related articles in its regular Bulletin

Australian October exports and imports both fell, trade surplus higher than expected

Australia data shows "broad-based inflation pressures" & wage growth ahead of RBA forecast

"A sharp economic slowdown is in prospect for 2023" (for Australia)

TD on RBA rate hike statement: "no suggestion the Bank was considering a pause just yet"

Australian economic growth data: Q3 GDP +0.6% q/q (expected +0.7%, prior +0.9%)

Australian economic growth data (GDP) for Q3 is due at 0030 GMT

Australia November Serices PMI drops further into contraction at 45.6 (vs. October 47.7)

Less hawkish RBA offers no signal for end of hiking cycle; What's next for AUD? - MUFG

• The RBA meeting is at 10:30 pm ET

AUD/USD up a few tics after the RBA cash rate hike and statement suggesting more to come

RBA raises its cash interest rate by 25bp, as expected

• Reserve Bank of Australia raises its cash rate from 2.85% to 3.1%

Previews of the RBA monetary policy decision - due soon, at 0330 GMT

Australian data: Q3 current account misses big time at -2.3bn AUD (expected +6.2bn)