USD a tad on the soft side so far in Asia-Pacific trading but it has been quiet. Some USD/JPY selling underway ahead of 78.00.
The Westpac/Melborne Institute Consumer Sentiment final reading for December is coming up at the bottom of the hour. In November, the index climbed 6.3% to the highest since May and expectations are for a flat to slightly higher index due to the RBA cut. A decline of more than 1% would underscore the need for more rate cuts and might weigh on AUD.
