JPY Daily News

Australian Data Expected to be Bearish

The Australian dollar (AUD) was weighed down yesterday, as market reports showed contraction across the boards. Piling atop recent reports on Australia's slowly stabilizing housing sector, today's publication of Australian employment shows a broadening contraction striking several sectors of Australia's economy.

Expectations for today's reports have been for a modest growth from last month's poor numbers. The actual reports may lead many investors to push slowly back into the Australian dollar (AUD). National data on housing and employment may also have driven many investors away from the once-burgeoning AUD. This data, combined with dismal HPI and building approvals reports, has so far dragged the Aussie lower and looks to continue doing so this week.

Current Time: 05/27 00:22 GMT

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#	Time	$€£¥	Event	Per.	Prev.	Fore.	Act.	Imp.
10/13
	00:50	JPY	CGPI	y/y	2.6%	2.5%	2.5%
	00:50	JPY	M2 Money Stock	y/y	2.7%	2.7%	2.7%