The calendar’s marquee release is Australia’s quarterly inflation set, due at 01:30 UTC on 29 July. Three high-impact prints land together, making the Aussie dollar the currency most exposed over the next 24 hours.
Australia CPI (01:30 UTC, AUD)
The headline CPI m/m is forecast at 0.2%, a sharp swing from the previous -0.7% reading. The measure tracks the change in the price of goods and services purchased by consumers.
CPI y/y is expected to hold at 4.0%, matching the prior print. The year-on-year figure gives a cleaner read on the underlying inflation trend.
The Trimmed Mean CPI m/m β the RBA’s preferred core gauge, which strips out volatile items β is seen at 0.3%, easing from 0.4% previously. All three feed directly into expectations around the Reserve Bank of Australia’s policy path.
US CB Consumer Confidence (14:00 UTC, USD)
Earlier in the session, the Conference Board’s Consumer Confidence index prints at 14:00 UTC on 28 July. It is a medium-impact release for the dollar.
The survey measures how upbeat consumers feel about business and labour-market conditions, and is watched as a lead on household spending. The forecast is 92.4, a modest lift from the prior 91.2.
What to Watch
The US confidence read comes first and sets the tone for the dollar, but the Australian inflation cluster is the higher-impact event and the clearer focal point for the Aussie into the following session.
