Sterling Slips as UK Inflation Holds Steady

AUD

AUD opens flat across the major currencies off the back of no major data or global news moving the Aussie. Asian equities finished down on the day, Hang Seng -1%, Shenzhen -3% and the Nikkei flat. Locally the ASX 200 fell -0.7%, as materials and industrials lead losses at -3.1% and -0.9%. Commodities were mixed with Crude Oil the biggest mover up +3.7% Yesterday, locally and in Asia we saw no data. Today following suit, no currency-impacting data out for the Aussie or China. Tomorrow, RBA Gov Bullock Speaks the payments system at the Bradfield Oration.
 

USD

AUD/USD opens flat at 0.6489, not moving from yesterday's open, off the back of no data from either country as the US government shutdown sees no near end. Wall St. finished lower overnight with the Nasdaq trading -0.9%, the Dow Jones -0.7%, and the S&P 500 -0.5%. U.S. Today and until the Government shutdown has come to a conclusion there will be little to no US data, however, Core CPI, CPI y/y and m/m are all out tomorrow evening, expected at 0.3%, 3.1% and 0.4% respectively.
 

EUR

AUD/EUR opens flat at 0.5587 while European equities closed down, CAC -0.6%, DAX -0.7%. ECB President Lagarde Spoke on ‘Finance and Futures’ in Frankfurt yesterday. Today, Eurozone, German and French Flash Services and Manufacturing PMIs out this evening, expected at 51.2, 49.2 for the Eurozone, 51.1 and 49.5 for the German and 48.7 and 48.2 for the French. A quiet weekend to follow.
 

GBP

AUD/GBP opens flat at 0.4857. The FTSE closed positively +0.6% and U.K 10-year yields fell to 4.40%. UK inflation y/y data missed at 3.8%, expected at 4%, with the Pound falling in the aftermath. Today, CBI Industrial Order Expectations out this evening.
 

NZD

AUD/NZD opens flat at 1.1307. Very little Kiwi data ahead of their employment report on November 5.