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China CPI, Australian employment and NZ home sales data awaited - TDS

FXStreet (Delhi) - Ned Rumpeltin, European Head of Currency Strategy at TD Securities, lists down the key data releases of the week.

Key Quotes

CNY: This week will see price and activity data released. We expect a drop in food prices to push CPI lower from +1.6%/yr to +1.5%/yr , but for PPI to accelerate to the downside, -6.3%/yr. This is out tomorrow. On Wed, we see upside to IP and retail sales for Oct.

AUD: The key data release this week is the Australian employment report for Oct out on Thursday. We are at 10k and the report is unlikely to worry the RBA. Before that report, we have the NAB Business Confidence and conditions tomorrow (we are looking for gains) along with Sep Housing Finance which should show investor lending cooling.

NZD: Oct REINZ home sales data should show sales and prices accelerating before the 1st Oct capital gains changes and 1 Nov changes to LVRs. Otherwise during the week the Financial Stability report should detail concerns around bank exposure to the dairy sector along with macroprudential policy relating to the new LVR changes—this is out Wed. On Thurs we have PMI and food prices, but neither are likely to garner significant attention.”

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