AUD/USD little higher

AUD/USD is trading at 0.7313, up 0.0018. The pair is trading very choppy and higher on the session after setting new 12 month lows early Friday morning. Market chatter about economic data due out next week is making the rounds. On Sunday the Housing Industry Association is scheduled to release new home sales data. On Monday night the Australian Bureau of Statistics is scheduled to release Australian Retail sales for June. Regionally, China's National Bureau of Statistics is scheduled to release July non-manufacturing PMI data this evening at 9:00 PM ET and the HSBC Manufacturing PMI for July is due out Sunday night at 09:45 PM ET. Early Tuesday morning the RBA meets and will announce any changes to interest rates or Monetary policy.