The Australian business sentiment dropped to the lowest level since before last years election. Economists are now predicting the central bank will cut interest interest rates twice in 2015.
This was the worst news for the Australian dollar and foreign exchange traders were quick to dump the Aussie and push pounds to Australian dollar exchange rate to a 5 year high!
The New Zealand dollar was also ripe for a kicking by default.
The US session will see the release of some second-tier data, including NFIB small business optimism index for November and the JOLTS report for October.