Key events ahead: RBA and GDT price index - Westpac

Besides the RBA minutes, (RBA minutes preview - what to expect in AUD/USD?), analysts at Westpac have noted the key events scheduled to be taking place for the day ahead.

Key Quotes:

"The Bank of Korea decides on policy. Most forecasters expect a steady hand though some see a 25bp rate cut to 1.25%.

The Germany ZEW survey should show expectations rising to 8.0. Carney speaks before a parliamentary committee at its annual session with the BoE governor.

US Mar housing starts are seen to fall 1.1% m/m though remain near highs since 2007.

The twice monthly GlobalDairyTrade auction will be held during the Lon/NY session with futures suggesting a 3.5% rise in whole milk powder prices. Since mid-Feb, there have been three auctions, with two resulting in small gains and one unchanged, for a total gain of 6.5%. If futures are correct about tonight, the cumulative 10% gain should be a small confidence booster to a fairly gloomy sector and should also help NZD/USD."