The minutes from the RBA's most recent.........>

ASIA: The minutes from the RBA's most recent MonPol decision provide the

headline risk event of today's Asia-Pac session. As a reminder the Bank left the

cash rate unchanged earlier this month. The minutes will likely aim to strike a

balance between leaving the door open for further cash rate cuts (allowing the

recent rate cuts and fiscal stimulus to at least partially work their way

through into the economy) and what Governor Lowe has previously described as the

economy reaching "a gentle turning point". The IB strip currently prices 23bp of

further easing by year end.

- Elsewhere, Australian Q2 house price data (viewed as outdated owing to recent

dynamic shifts in the Australian housing market on the back of the RBA cuts and

regulatory moves) and Chinese house price data for August (which may be driven

by regulatory movements re: financing in the space) will hit.

- The BoJ's 1-5 Year Rinban operations will also provide interest.

- Elsewhere, the headline Q3 NZ Westpac Consumer Confidence print has already

been released. It showed a very minor downtick, with no real tangible effect on

the NZD in the wake of the release.