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Key events for week ahead - Rabobank

FXStreet (Guatemala) - Analysts at Rabobank noted the key events ahead for the week.

Key Quotes:

"Today we already saw a collapse in July Japanese industrial output (-0.6% MoM vs. +0.1% expected); next up it’s Europe’s flash CPI estimate in focus, where headline of 0.1% YoY and core of 0.9% YoY will underline that Constâncio seems to be an optimist; and then in the US it’s the Chicago PMI (seen at 54.5).

The highlights for the rest of the week are the official Chinese PMIs and the RBA tomorrow; Aussie Q2 GDP on Wednesday; the ECB Thursday; and then the big finish – US payrolls on Friday. That promises to see the week end with a bang even if we don’t get any implosions before then."

AUD/NZD consolidates strong rally; concerns for RBNZ for business sector?

AUD/NZD is currently trading at 1.1116 with a high 1.1137 of and a low of 1.1039.
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China stocks back in the red on fading state-support, drags Asia lower

Asian markets halted their recovery mode and kicked-off the week on a softer note, led by a renewed wave of risk-aversion triggered by tumbling Chinese stocks. While markets remain cautious ahead of the key US data due later this week, the non-farm payrolls, which may provide hints on the timing of the Fed rate lift-off.
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