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Aug 06 - 12:55 PM

AUD: Next Week's NAB Business Survey To Show A Pretty Sharp Deterioration In Business Conditions - ANZ

By eFXdata  —  Aug 06 - 10:45 AM

ANZ Research discusses AUD outlook heading into next week.

"Next week will be quiet on the data front. The main focus will be on the NAB business survey, which we expect will show a pretty sharp deterioration in business conditions as ongoing lockdowns bite. The AIG PMIs are certainly pointing that way," ANZ notes. 

"For the AUD, a deteriorating domestic backdrop can’t be helping, but we are seeing the currency trade more with global factors," ANZ adds.

Source:
ANZ Research/Market Commentary

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