AUD/USD has managed to print fresh YtD.......>

AUSSIE: AUD/USD has managed to print fresh YtD lows owing to Australia's

sensitivity to China, and pressure via the AUD/JPY cross, with $0.7368 (June

2017 low) providing the next level of major downside interest, although

option-linked interest is noted to the upside at $0.7470-75 (A$1.63bn set to

roll off at today's 10AM NY cut).

- The minutes from the RBA's Jun meeting were virtually ignored. They appeared

broadly optimistic but omitted the guidance that the next move in the cash rate

is more likely to be up, rather than down. The RBA merely said that "the Board

judged that holding the stance of monetary policy unchanged would be consistent

with sustainable growth in the economy and achieving the inflation target over

time." The Bank also stated that "further progress in the period ahead in

reducing unemployment & returning inflation to the target was therefore

expected, although this progress was likely to be gradual."

- AUD/USD has pressed to fresh lows as London gets in.