AUD weaker - RBA minutes and China news appear to be the catalysts

The minutes of the RBA September meeting minutes post is here:

• Reserve Bank of Australia September meeting minutes - would consider further easing

They are not hawkish and further rate cuts would seem to be on track.

Also of note is the news out of China on the MLF roll today:

• PBOC lends 200bn yuan in one year MLF, rate unchanged

It was not unreasonable to have expected a bigger MLF than this, but … nope, not to be. As I noted in that post, a negative for AUD at the margin.

AUD lower on the session. Kiwi is lower too but AUD leading :

Oh, earlier was this too:

• Australia - ANZ Roy Morgan Weekly Consumer Confidence: 109.3 (prior 113.3)

This data point tends not to move the forex too much, but it hit a 2 year low so that may be a further factor in the pukeage.