After a whip-saw reaction to ambiguous.......>

AUSSIE: After a whip-saw reaction to ambiguous comments re: U.S.-China trade

matters, AUD/USD pushed higher Tuesday amid a positive showing from global

equity markets. The rate trimmed those gains ahead of the close, but still

finished in positive territory.

- RBA Dep Gov Debelle spoke yesterday, noting that AUD trading volumes reached

record highs, even during the liquidity crunch in March. Debelle contrasted this

with the 2008 GFC, when "there was almost no volume" and pointed to "a lot of

re-balancing flows".

- Elsewhere, Australian Treasurer Frydenberg said that the unemployment rate

will probably reach about 8% in Q3.

- AUD/USD last trades at $0.6934 at typing, little changed on the day. A break

above Jun 16 high of $0.6977 would expose round figure resistance/Jun 11 peak at

$0.7000/05. Bears look for a drop through Jun 15 low of $0.6777, towards the

50-EMA at $0.6692.

- Focus in Oz moves to skilled vacancies (today) and job vacancies (Thurs).