From CBA on their look ahead for the week for AUD and NZD
AUD/USD and NZD/USD are vulnerable to more downside this week because the threat of more inward looking global trade policies is a downside risk to global economic growth.
- In Australia. the main focus will be Friday's May private sector credit report.
- Tuesday. RBA Head of Payments Policy Tony Richards speaks on cryptocurrency
New Zealand
- RBNZ is widely expected to leave the Official Cash Rate (OCR) at 1.75%
- Our ASB colleagues also believe the RBNZ will stick to its knitting and deliver a neutral statement with few substantive changes to May
- Our ASB colleagues expect the RBNZ to lift the OCR in August 2019 but the risks are sightly more skewed to the OCR remaining on hold for longer
