The minutes from the September meeting say that the stronger exchange rate weighs on domestic growth an inflation. Any additional increase in the value of the currency could result in a slower pick-up in inflation and growth. This is not new and they also acknowledge that AUD/USD is driven higher by the weakness of the greenback as well. Nevertheless, this has its effect on the pair.

In the U.S. session Housing Starts and Building Permits data was published. Privately-owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 1,300,000. This is 5.7 percent above the revised July rate of 1,230,000 and is 8.3 percent above the August 2016 rate of 1,200,000. Single-family authorizations in August were at a rate of 800,000; this is 1.5 percent below the revised July figure of 812,000. Authorizations of units in buildings with five units or more were at a rate of 464,000 in August. Privately-owned housing starts in August were at a seasonally adjusted annual rate of 1,180,000.

Also, House Prices figures were released.  The price index for residential properties for the weighted average of the eight capital cities rose 1.9% in the June quarter 2017. The index rose 10.2% through the year to the June quarter 2017. The capital city residential property price indexes rose in Sydney (+2.3%), Melbourne (+3.0%), Brisbane (+0.6%), Adelaide (+0.8%), Canberra (+1.3%) and Hobart (+1.8%) and fell in Perth (-0.8%) and Darwin (-1.4%).

There will be no major data releases from Australia tomorrow. US session will be marked by Fed's interest rate decision and the following press conference, though no change in interest rates is anticipated.

Figures to watch:

Federal Funds Rate/FOMC Economic Projections/FOMC Press Conference (Wednesday 20:00)