* Aussie rides the rollercoaster
* Local job numbers for September disappoint
* UK looking for 3rd PM in the space of 7 weeks
The AUD/USD has opened this morning slightly above yesterdays close of 0.6257. However the past 24 hours has seen the Aussie ride the rollercoaster on the Gold Coast trading in a range of 0.6228 to 0.6354. Yesterday mornings weaker than expected local job numbers for September when only 900 new jobs were added verses an expected 25K new jobs (the unemployment rate remains unchanged at 3.5%), mixed housing and jobs data out the US overnight and news early this morning that the UK PM Liz Truss has fallen on her sword and resigned after just 45 days in office are in large part the reasons for the range. Against the other major currency pairs (including the GBP somewhat surprisingly) the AUD has remained little unchanged.
With little data out today and tonight next week shapes as a big week locally when Treasurer Jim Chalmers delivers his first Federal Budget on Tuesday 25th evening and then on Wednesday we have the release of the Q3 inflation numbers.
| Economic Calendar: Mon 17th – Fri 21st October | |||||
| Time | Event | Impact | Consensus | Previous | |
| 3:30pm | JPY Industrial Production (YoY) (Aug) | Med | 5.1% | 5.1% | |
| 8:45am | NZD Consumer Price Index (YoY) (Q3) | HIGH | 6.6% | 7.3% | |
| 11:30am | AUD RBA Meeting Minutes | HIGH | Report | ||
| 5am | USD Monthly Budget Statement (Sep) | Med | $-220B | ||
| 5pm | GBP Consumer Price Index (YoY) (Sep) | HIGH | 10% | 9.9% | |
| 11:30pm | USD Housing Starts (MoM) (Sep) | Med | 1.5M | 1.575M | |
| 11:30am | AUD Employment Change (Sep) | HIGH | 25K | 33.5K | |
| 11:30am | AUD Unemployment Rate (Sep) | HIGH | 3.5% | 3.5% | |
| 12:30pm | CNY PBoC Interest Rate Decision | HIGH | 3.65% | ||
| 11:30pm | USD Jobless Claims (Oct 14) | Med | 232K | 228K | |
| 11:30pm | USD Philadelphia Fed Manufacturing Survey | Med | -5 | -9.9 | |
| 5pm | GBP Retail Sales (YoY) (Sep) | Med | -5% | -5.4% | |