AUD

Australian Q3 Inventories 1.7% q/q (expected 1.0%, prior 0.3%)

Australian S&P / Markit Services PMI for November remains contracting at 47.6 (prior 47.2)

Australia's construction sector PMI rises in November but remains in contraction at 48.2

Week Ahead: highlights include OPEC+, RBA, BoC, China Trade/CPI, Uni. of Mich.

• OPEC+ is likely to stand pat on output policy. US University of Michigan sentiment data will be eyed for consumer inflation expectations. China will release trade and CPI numbers. RBA is seen hiking 25bps, analysts are more split on BoC.

AUDUSD falls to the 100 hour MA after US jobs report

• Finds some dip buying on the fall

Westpac are forecasting a +25bp cash rate hike at the RBA meeting on December 6 2022

RBA Gov. Lowe says Australian inflation expectations are still well anchored

Australian housing finance data for October slows again - higher rates weighing

AUD/USD looks to build on yesterday's technical break higher

• The pair is up 0.2% to 0.6800 currently

Australian private capital expenditure (September quarter 2022) -0.6% (expected +1.5%)

Australia's 2nd Manufacturing PMI for November comes in at 51.3 (prior 52.7)

Australia manufacturing PMI for November 44.7 (prior 49.6)

More on China's Nov. PMI plunge into deep contraction for both manufacturing and services

China official Manufacturing PMI 48.0 (expected 49.0) & Services 46.7 (expected 48.0)

China's official manufacturing and services PMIs are due at 0130 GMT - preview