The preliminary Australian PMI surveys from CBA:

  • Prior was 54.0

  • Services 50.8 vs 52.2 prior

  • Composite 51.2 vs 52.5 prior

A touch strong on manufacturing but much weaker on services; so a softer reading on net. AUD/USD flirted with the October low on Tuesday but held it and bounced to 0.7085.