SCOREBOARD: RBA pressure

Greece was again delayed on a bailout agreement overnight, as all eyes locally turn to rates.

Not a lot really on the news and data front. Greek politicians delayed for one day making a decision on whether to accept bailout terms laid out by the IMF and Europe, much to the frustration of German Chancellor Angela Merkel who said that she "can’t understand why we need a few more days... time is running out”.

Against that backdrop and with nothing else to really shake the market, moves were comparatively small overnight.

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