Forex update (at 10.30am Tokyo time) — AUD the biggest loser

It’s a market holiday in Japan today, and that seems to be impacting on activity — there isn’t a lot!AUD/USD has slipped on the poor retail sales data earlier: Australian retail sales for September: 0.0% m/m (expected +0.4%)
Updates:
Also, Venezuela appears heading towards default …. anyone surprised?

  • More on Venezuela to restructure foreign debt
  • Venezuela to restructure all debt after Friday

—Stay tuned, China data coming up … Caixin PMIs for October

  • Services, prior 50.6
  • Composite, prior 51.4

Earlier in the week we got the other PMIs from China for October, a wee bit softer.

  • China October official manufacturing PMI: 51.6 (expected 52.0)
  • China October official non-manufacturing PMI: 54.3 (prior 55.4)
  • More on the China PMI misses earlier
  • China October official non-manufacturing PMI: 54.3 (prior 55.4)

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