While it is still too early to gauge who is in front in the US presidential election, with none of the swing states yet to be called, the Trump trade is again dominating markets during APAC trading driving the greenback higher (BBDXY +0.7%). This has pushed AUDUSD below 66c and the pair is now down 0.6% to 0.6596, after a low of 0.6582, initial support is at 0.6537. Equities are generally stronger but commodities are weaker. 

• Aussie crosses are mixed with AUDJPY up 0.2% to 100.80, AUDNZD down 0.1% to 1.1038, AUDEUR is 0.1% higher at 0.6080 and AUDGBP 0.1% lower at 0.5084.
• Equities are mixed with the ASX up 0.9%, CSI +0.3% but Hang Seng down 1.4%. The S&P e-mini is up 0.5%. Oil prices are lower with WTI -0.5% to $71.63/bbl. Copper is down 0.9% and iron ore is lower at around $104/t.
• A clearer picture on the US election result should emerge as Wednesday continues. In terms of data, there are euro area final October services/composite PMIs, euro area September PPI and September German factory orders. ECB’s Lagarde, De Guindos and Buch speak.