The Australian Dollar spent the week range bound, which is not a surprise given the lack of data and news flow. Some business and consumer confidence data released during the week did little to motivate the market and all eyes will be focused on the more significant data of next week. Locally, on Tuesday the RBA meeting minutes will be released followed by the employment numbers on Thursday. The RBA recently inflected a slightly hawkish tone and the market will look to the minutes for confirmation of the extent of their bias. This is particularly in light of the rising amount of the Delta variant cases of coronavirus emerging in New South Wales. RBA Assistant Governor Kent will be speaking on Friday and may provide further insight to the central bank’s stance.
