AUDUSD has appreciated this morning following the release of the Reserve Bank of Australia's, Monetary Policy Meeting Minutes. According to the discussions to be found in the minutes, the RBA considered holding interest rates at 2%.

On the other side of the globe in Europe, this morning first significant news to be released will come from the UK, Office of National Statistics. The ONS at 9.30 am London, will release the latest CPI inflation data. The markets are expecting that the CPI data will remain unchanged at 0.5%.

Across the Atlantic, Statistics Canada will publish Manufacturing Sales data. The number investors are watching for is a decline of -0.7%.

It is a busy afternoon for investors due to a significant amount of US data that is being released at 1:30 London. From the housing sector, there will be news on US Building Permits and Housing Starts. On the inflation front, the Bureau of Labor Statistics will publish CPI and Core CPI data.

The day is rounded off in New Zealand with the GDT Price Index and PPI Input data to be announced.