But, it will be unlikely to have much of an immediate forex impact

Here is how the calendar is looking today:

0030 GMT - Australia - Private Sector Credit for November

  • expected +0.4% m/m, prior was also +0.4% m/m
  • and for y/y, expected +5.2%, previous +5.3%

This is a snapshot of the previous release - still strong housing credit and business credit still not overly impressive:

The RBA would like it the other way around.