ForexLive Asia-Pacific FX news wrap: RBA statement revises inflation forecasts higher

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Major
FX rates barely strayed from a flat line during the session so far
here. The wild moves seen during US markets dampened down
significantly.
</p><p>New
Zealand manufacturing PMI slumped further into contraction in
October.</p><p>From
Australia we had the latest Reserve Bank of Australia Reserve Bank of
Australia Statement on Monetary Policy (SoMP), a document released
each quarter with updated economic forecasts, and the Bank's
assessment on the balance of risks to the outlook on the economy and
inflation. The Bank
made upward
revisions to its
forecast profile for inflation, both
headline and core, trimmed
mean. The RBA cited surges in immigration and infrastructure spending for higher for longer inflation. More
in the bullets above.
</p><p>AUD,
along with other major FX, did little.
</p><p>ETH rose on the back of the BlackRock ETF plan:</p>

This article was written by Eamonn Sheridan at www.forexlive.com.