Data light for Antipodeans, second tier parts, RBNZ to cut in Aug? - UOB

Analysts at UOB noted that Australia’s docket is light with some second tier releases on Wednesday and Thursday.

Key Quotes:

"We mentioned the importance of the NZ CPI data and given the weaker than expected reading, this mounts greater pressure on the RBNZ to ease policy further."

"We are looking for a 25bps cut at the coming 11 August RBNZ meeting. Tuesday sees the latest GDT dairy auction."