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

Author: Eamonn Sheridan | Category: Central Banks

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

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:
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 :
The minutes of the RBA September meeting minutes post is here:
Oh, earlier was this too:
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. 

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