Blockbuster week in Australia with loads of key economic data, an RBA rate decision tomorrow, and a speech from the RBA Governor on Wednesday. Q2 GDP expected to be weak (+0.2%), but there are signs that some of the softness in Q2 may have reversed through July and August. July retail sales seen rising 0.9% on Thursday. RBA is expected to leave the cash rate at 2.5% at tomorrow’s Board Meeting.
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