Though, there were no data releases from Australia on Monday, Aussie was pushed higher on comments from China over the weekend and the additional stimulus from the PBOC at the end of last week. RBA Asst. Gov Debelle spoke yesterday morning helping to support the currency. The rebound in oil prices and the hopes of some production agreements are supportive of the commodity currencies.
There will be no data releases from Australia on Tuesday, so we can expect a bit steadier morning part of the session. In the US session CB Consumer Confidence and Existing Home Sales figures were released. Analysts predict decline to 97.4 in Consumer Confidence, while Existing Home Sales should fall to an annual rate of 5.36 million.
Figures to watch:
CB Consumer Confidence (Tuesday 16:00)
Existing Home Sales (Tuesday 16:00)
UK still likely to leave the EU with a negotiated agreement, says Number 10
Sentix Investors Confidence rose to 14.7 in August
German factory orders -4.0% seasonally adjusted on the previous month
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
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