What's coming up today and how's the Kiwi? - ANZ
|Analysts at ANZ explained that international travel and migration figures for October are expected to show a further gradual easing in monthly net migrant inflows, even ahead of possible future policy changes.
Key Quotes:
"Q3 construction work done data is the main release in Australia.
Despite another soft dairy auction and what looks like a weak technical picture, the kiwi has lifted back above 68 cents as it was dragged higher by the AUD (on remarks by Governor Lowe) and a wobbly USD.
Positioning also appears to be playing a role as a short market gets squeezed, and that could drive a further move higher today."
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