ANZ Research discusses AUD outlook for the week.

"This week's Australian releases may matter more for other AUD crosses, while the outright direction of AUD/USD is still likely to be determined offshore.

Domestically, the labour market report is likely to be the most important release. We expect 15k growth in employment and a 4.6% unemployment rate. Stronger-than-expected employment or a stabilisation in the unemployment rate would reinforce expectations that policy may need to become more restrictive and would therefore support the AUD through the rates channel. Conversely, a softer labour market report would likely see some November tightening expectations priced out further, particularly given recent signs that activity is slowing," ANZ notes.

"The RBA minutes are likely to be scrutinised for signs that September's hike was not a one-off adjustment. Markets will focus on the Board's assessment of inflation persistence, energy-price risks and spare capacity in the economy," ANZ adds.