Twice a year the Reserve Bank of Australia publish its Financial Stability Review
While it useful to be aware the report is coming up (due at 0130 GMT) it is unlikely to have too much of immediate AUD impact – but you never know.
The easing in house price growth (Sydney price falls have weighed on index levels) has been welcomed by the RBA, expect some comments on diminishing risks to stability from this front.
Something to be aware of is that so far the house price move has been slowly down, a ‘soft landing’ is how you will often see it characterised. If prices fall harder and faster, though, this will raise risks. I don’t expect we’ll hear this from the RBA in the report today though.
Also expected from the report – comments on high household debt, comments on improving lending standards.
I’ll be back with levels on the AUD/USD soon