Australia just dropped their October household spending figures, and they're running hot—way hotter than anyone expected. Month-over-month consumption jumped 1.3%, absolutely crushing the 0.6% forecast. For context, September's number got a tiny upward revision from 0.2% to 0.3%, but October's surge is a whole different story.

This kind of spending acceleration could shift how traders think about aussie rates and risk appetite. When households open their wallets this aggressively, it usually means something's brewing beneath the surface—whether that's pent-up demand finally releasing or confidence creeping back in. Either way, markets tend to pay attention when actual behavior blows past predictions by this margin.