Monday brings several notable news releases for Aussie Dollar traders, so let’s take a closer look with the Economic Calendar.
Markets in the United States will be closed for the Independence Day, so the first item on the schedule is Australian Building Permits for May, which comes at half past 1 AM. The number of permits has been rising for the past 3 months.
UK Construction PMI for June follows at 8:30. The Index continued to decline in May, reaching its lowest level in almost 3 years.
Euro Zone Producer Price Index for May comes at 9. The Index slipped in April, reversing a point 3% gain the previous month.
Canadian Manufacturing PMI for June will be available at 13:30 PM GMT. There was little change in May data as growing output was reversed by a drop in new orders.
Australian Performance of Services Index for June comes at 11:30. The service sector returned to growth in May, following 2 months of declines.
Two news releases regarding the Australian economy in May are released at 1:30 AM, and Trade Balance is one of them. Trade deficit narrowed in April as exports went up and imports decreased.
Retail Sales continued growing in April but at a slower pace than the point 4% gain the previous month.
Chinese Services PMI for June comes at 1:45. The Index continued to decline in May but it remains in the positive territory.
And Reserve Bank of Australia will release its closely watched Monetary Policy Statement at 4:30. The previous meeting brought no changes to the monetary policy.
I’m Jessica Walker and this was the Economic Calendar for Monday, the 4th of July. Check back in for the next overview of news releases for Tuesday. Goodbye.
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