In Europe, the IMF dropped the Irish GDP forecast to 1.1% and the Bundesbank points to downside risks of the 1.8% growth forecast in Germany. The Euro has extended its weakening against the US Dollar after the US closing bell in the back of news from APPL missing dividends estimates and news from Europe on .
The Aussie dollar started a rally early Wednesday morning that instigated with the surprise showing from 3Q CPI figures. The 2.0 per cent pace it does remove some pressure for aggressive cuts.
The Chinese PMI figures which printed better than expected but were 12 months into a reductionary phase. The UK Q3 GDP came much stronger-than-expected at 1% versus 0.6%.
AUD/JPY is set to print gains for a third straight week, with traders observing for the Bank of Japan to increase its current 90 trillion Yen QE program by another 10 trillion Yen next week, according to the latest Japanese press reports.