•     Aussie and Kiwi plunged after data during the weekend showed that China’s manufacturing activity fell to its lowest level since May

•      China’s official Manufacturing PMI declined to 50.8 in October from 51.1 in September, below expectations of an unchanged read

•      Official non-manufacturing PMI also declined to 53.8 in October from 54.0 previously

•      HSBC final manufacturing PMI in October unchanged at 50.4 from its preliminary reading

•      Friday’s USD rally rolled into the overnight session; The greenback remained elevated against its major peers

•     Today is a PMI day :

•      Final manufacturing PMIs for October: For Eurozone, Germany and France

•      UK: manufacturing PMI for October

•      Canada: RBC Manufacturing PMI for October

•      US: Final Markit manufacturing PMI and the ISM manufacturing index both for October

•     Rest of week

•      Tuesday: The Reserve Bank of Australia is expected to keep rates unchanged

•      Wednesday: The US ADP employment report for October

•      Thursday:  ECB and BoE hold their policy meetings

•      Friday: The US non-farm payrolls for October