AUD is the early leader so far in Asia-Pacific trading, up to 1.0369 up 53 pips with most of the gains coming after Westpac-Melbourne Institute consumer sentiment survey. The indicator, which is definitely second-tier, rose 8.1% to 96.9 in September hitting a two-year low of 89.6 in August.
Westpac said better growth and diminished worries about rate hikes were behind the improvement. The index remains 14.4% below where it was at this time last year.
AUD still has some room to run before it approaches the sell orders cited by Sean.
