A$ Steady Vs USD, Down Against Others

Despite some volatility through the session, AUDUSD is flat at 0.6647. It fell to 0.6637 following the lower-than-expected Australian CPI data but then rose to a high of 0.6676 driven by greenback weakness, breaking initial resistance and heading towards 0.6687, the next level to watch. The USD index is off its intraday low but still down 0.1%.

• Aussie is down against the majors especially kiwi after a surprise hawkish hold from the RBNZ. AUDNZD is down 0.9% falling through 1.08 to 1.0742. AUDJPY is 0.2% lower at 97.90, AUDEUR -0.1% to 0.6045 and AUDGBP -0.1% to 0.5232.
• Equity markets are mixed with the ASX up 0.3% but the Hang Seng down 1.8%. The S&P e-mini is 0.2% higher. Oil prices are off their intraday high to be up marginally. WTI is 0.2% higher at $76.59/bbl. Copper is flat and iron ore is up to around $130/t.
• Later the Fed publishes its Beige Book and Mester speaks. In terms of data, there are US October trade numbers, inventories and updated Q3 GDP. The November euro area EC economic sentiment survey is also out. The OECD also publishes it updated outlook.