China MNI Business Sentiment Indicator declined to 51.7 from previous 52.2

FXStreet.com (Barcelona)

Oct 17, 2014

PBoC rate cut looming?

There is a potentially bullish development for the Australian Dollar getting some air time along Asian trading desks, with Bloomberg carrying a story noting that the swap market is signaling the first PBoC rate cut since 2012.

The higher US dollar trend will reassert itself - SocGen

Societe Generale continues to see the Fed hiking rates in 2015, which should lead to a resumption of the USD trend after positions have been squared in both the currency and bond markets.