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GoC Curve Continues To Flatten


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AUSSIE: Opened in Asia at $0.7656 toward the lower side on the $0.7640 to
$0.7699 range witnessed yesterday, where softer China PMI data and slightly
firmer US rate yields kept the Antipodean on the defensive. CBA Oct
Manufacturing PMI (2200GMT) and AI Groups Manufacturing Index (2230GMT), provide
the event risks for the local market, while more of a reaction will likely come
from Caixin's China Manufacturing PMI (0145GMT). Initial support is located at
$0.7640, with reports of domestic corporate demand in the $0.7620's, while
hourly resistance is noted at $0.7670.  
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