This morning saw the first of the presidential debates taking place, which saw the usual bashing between Clinton and Trump as they went back and forth with relatively insignificant attacks on each other. The net outcome according to market reactions was the Clinton led after the first debate as we saw the Mexican Peso gain over 2% after the debate while we also saw the risk sentiment change as the JPY was hit resulting in the USDJPY gaining in early trade. Elsewhere the USD has been on the back foot, especially against commodity currencies with the AUD, NZD and CAD all gaining against the USD. Majors are stable to mixed for now with the GBP on its own agenda after finding strong support and being up on the USD while the EUR looks heavy as we see 1.1250 withstand any bullish assaults.

EUR

  • M3 Money Supply y/y expected at 4.9%

USD

  • CB Consumer Confidence expected at 98.6
  • FOMC Member Fischer Speaks

AUD

  • RBA Assist Gov Edey Speaks