The Reserve Bank of Australia (RBA) will release the minutes of its August meeting during the night. However, we should not read too much into these statements. For Australia, economic developments in China, its largest trading partner, are the biggest risk. Concerns in that area are likely to have increased after the August meeting due to the surprise step of the PBoC to allow for CNY depreciation.
However, there is reason for optimism for the RBA. On the back of favourable signals from the labour market and the domestic economy, it will wait and see and monitor the effects of the weaker CNY closely. AUD-USD is likely to have reached a new comfortable level for now.


UK Raises Deposit Protection Limit to £120,000 to Strengthen Saver Confidence
BOJ’s Kazuo Ueda Signals Potential Interest Rate Hike as Economic Outlook Improves
Brazil Central Bank Plans $2 Billion Dollar Auctions to Support FX Liquidity
Indonesia Aims to Strengthen Rupiah as Central Bank Targets 16,400–16,500 Level
Japan’s Inflation Edges Higher in October as BOJ Faces Growing Pressure to Hike Rates
Fed Rate Cut Odds Rise as December Decision Looks Increasingly Divided
BOK Expected to Hold Rates at 2.50% as Housing and Currency Pressures Persist
New RBNZ Governor Anna Breman Aims to Restore Stability After Tumultuous Years 



