Latest data released by NAB - 7 May 2018
- Prior 7; revised to 8
- Business conditions 21
- Prior 14; revised to 15
A survey on business conditions in the country, a general sentiment indicator of the economy.
A positive rebound in sentiment after the steady decline to start the year. The aussie has been on the backfoot to start the day though - with AUD/USD down to 0.7527 a little higher after touching lows of 0.7519 earlier.
One of the key events to watch for this week for aussie traders will be the federal budget release tomorrow. Earlier in the day, treasurer Scott hinted that high income earners will have to wait their turn for tax cuts here.
