China's Caixin services PMI unexpectedly drops to 51.1 in October, Aussie unfazed

China's Caixin services PMI for October came in at 51.1 vs. 52.8 expected and 51.3 last, which marked the slowest increase in services activity for eight months.

Meanwhile, the Composite Output Index eased to 52.0 in October from September’s reading of 51.9.