Volatility on AUD: Tuesday, September 5th, Forex market update.
It is going to be a big week for the AUD with key economic data coming up, starting first thing today with RBA rate decision at 4:30 AM GMT. The central bank is expected to keep the rates unchanged, however, we could still see some volatility depending on their tone as they might continue to express some concern about Aussie appreciation.
Next, during the London session Switzerland will release their Q2 GDP at 5:45 AM GMT, expected to tick lower to 1.0% on a YoY basis from the previous reading of 1.1%.
During the New York session, the US Durable Goods Orders will be out at 2 PM GMT.