At 0000GMT, Consumer Inflation Expectations for December, prior was +1.9%
At 00030GMT, the employment figures, which will be an important focus for the AUD market today:
- Employment Change November: expected 10.0K, prior 1.1K
- Unemployment Rate November: expected 5.8%, prior 5.7%
- Full Time Employment Change November prior was -27.9K
- Part Time Employment Change November prior was 28.9K
- Participation Rate November expected is 64.8, prior was 64.8%
(Also at 0030GMT, credit card balances and purchases for October, prior was $A48.8bn and $A22.0BN, respectively)
A weak employment report today should send the AUD even lower. Sentiment has turned negative again thanks to weakening in business confidence (and in consumer confidence) and the big news yesterday of the further hollowing out of manufacturing industry (i.e. the General Motors announcement of their ceasing operations in Australia and the impact this will have on suppliers also – press report: Taunts in Parliament and text brought about General Motors Holden’s exit from Australia).
