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AUD/USD dropped 6 pips and last sits at......>

AUSSIE
AUSSIE: AUD/USD dropped 6 pips and last sits at $0.6971 after trading within a
particularly narrow range overnight. No key technical levels were breached,
which leaves bulls targeting the psychological $0.7000 level, with bears focused
on $0.6964/63, where the rate bottomed on Wednesday/Thursday respectively.
- No reaction was noted to Australian data releases. Both the AiG construction
PMI and home-loan figures undershot expectations.
- Following a review, the RBA has decided to adjust its Committed Liquidity
Facility. Authorised Deposit-taking Institutions using the CLF can increase
their holdings of high quality liquid assets (HQLA) from 25 to 30 per cent of
the stock of HQLA securities.
- Australia is heading towards an elongated weekend, as it will observe a public
holiday on Monday.
- Points of note in the Australian economic docket for next week are NAB
business confidence (Tuesday), Westpac consumer confidence (Wednesday) and the
report on domestic labour market (Thursday), which will be closely scrutinised
by the RBA. The central bank's Asst Govs Kent & Ellis both speak on Wednesday.

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