Australia data – TD/Melbourne Institute inflation gauge September: +0.2% (vs. +0.1% prior)

The y/y is at +2.1% (vs. +2.1% prior).

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This release will have little impact on the AUD, inflation is well contained and not a focus on Australia at present, and this indicator is not the official data.

AUD/USD, is though, under steady selling pressure. Currently offset by bids under 0.9300. Looks like it will remain heavy today. We have China HSBC Manufacturing PMI due out later today.