The index rises to 97.2, building on the 8.2% rise in Sept but still down 16.9% compared to last year. Westpac said the rise reflected diminished fears of a rate hike.

  • Expectations index rose 2.7% to 93.4
  • Current conditions slipped 2.6% to 103.0.

AUD/USD testing the low end of the session’s 0.9950 to 0.9965 range.