AUD

Heads of UK & US security services warn of the threat from China.

US to meet with China - bring up human rights issues

Reserve Bank of Australia raises its cash rate by 50bps (as expected)

• The RBA cash rate target is raised to 1.35% from previously at 0.85%

Australia - China relations: Foreign Ministers expected to meet this week

AUD/USD retesting its Monday European time high

Australia data - weekly consumer confidence falls 1.2%

Australia Markit Service PMI June: 52.6 (prior 53.2)

Australian Construction PMI for June 46.2 (prior 50.4)

Key Trading Levels For The Week Ahead - AUDJPY, AUDUSD, EURJPY, EURUSD, GBPJPY, and GBPUSD

Preview of the RBA policy meeting on Tuesday, 5 July 2022

Australian Building Permits data for May +1.5% m/m (expected -1.8%) & +9.9% (sa)

Australian job advertisements increased 1.4% m/m in June

Australian monthly inflation data: +4.7% y/y (prior +4.8%)

AUD approaches Tuesday's RBA meeting with mostly headwinds - not much rebound expected

CBA forecasts AUD/USD as low as 0.62