This via ANZ on what to watch for the coming days (focus here on the AUD):

  • The less supportive backdrop for commodity prices along with increasing wariness in global financial markets suggests the AUD will remain on the back foot this week.
  • Locally, we will keep an eye on credit growth as slowing investors' credit could make the RBA less reluctant to ease policy. That said, this data is second tier, and so US rate dynamics and developments in the commodity space will remain the main drivers of the AUD.
  • The Chinese official PMIs are also likely to ease as the deleveraging push continues to weigh on the country's expansion. This could add to the negative sentiment around commodities and the AUD.