Forex Flash: Australia weak data a case for RBA to ease as early as tomorrow - NAB

FXstreet.com (Barcelona) - As today's Australian data release shows, “Consumers and economy downshifted in March-April,” noted Senior Economist at the NAB David de Garis, suggesting there is a “case for RBA easing still there,” the analyst says, which “could be as early as tomorrow,” he points out.

For later on GDP data, “Retail volumes should contribute about 0.4% to Q1 GDP and see household consumption at around ¾%,” David adds, being “a reasonable start to year,” according to him.