AUD

AUDNZD is the biggest mover today and has the largest % move since October 2017

• The pair tests the December highs

Canadian dollar can't get moving despite higher stocks, oil and CPI. Here's why

• USD/CAD down 13 pips on the day but CPI fuels worries

AUDUSD trades to new session high as higher stocks spur on "risk-on" flows

• Price moves away from 100 hour MA

China's President Xi lauds healthy, stable development of China-Australia ties

Indonesia has announced another commodity export ban - Bauxite ore exports ban from June

Australian data - Westpac Leading index for November -0.13% m/m (prior 0.02%)

• Also, Westpac forecast 25bp RBA rate hikes in February, March and May of 2023 before a pause

AUD/USD survives latest attempt to break below key support level, at least for the moment

• It will all come down to how the risk mood develops over the coming sessions

RBA December Minutes: Further rates hikes will likely be needed to balance supply & demand

Reserve Bank of Australia December meeting minutes are due at 0030 GMT

Australia weekly consumer confidence 82.5 (prior 82.9)

Australian PM and Foreign Minister to travel to Beijing - invited by China

AUDUSD revisits the 100 day MA for the 2nd consecutive day. Bounces.

• 100 day MA near the low from December 7 near 0.6668

Bloomberg reports that China's state-run iron ore group is preparing to begin buying

Westpac affirm their forecast for RBA rate hikes to 3.85% by May 2023

Australian preliminary December PMI: Manufacturing 50.4 (prior 51.3), services 46.9 (47.6)