AUD/USD is barely changed on the day and.....>

AUSSIE: AUD/USD is barely changed on the day and last deals at $0.7165, after

the release of AU CBA m'fing, services & composite PMIs. The services and

composite surveys moved into contractionary territory, while the rate of

expansion in the manufacturing survey eased. As a reminder, focus today falls on

the AU jobs data due at 0030GMT/1130AEDT. 

- The rate closed unchanged Wednesday, as it shook off early weakness, noted on

the back of a slight miss miss for the AU Q4 Q/Q wage price index, aided by yuan

strength, derived from the BBG report that the U.S. could insist on a 'stable

yuan' policy as part of any trade deal. However, AUD/USD ebbed off of best

levels as the FOMC meeting minutes provided some disappointment to the doves. 

- Bulls look for a break above the upper 1.0% 10-DMA envelope at $0.7185, which

would allow them to target the $0.7200 figure. Meanwhile, bears eye the

100-DMA/21-DMA at $0.7161/53, followed by the 50-DMA at $0.7135. 

- Looking ahead focus will move to RBA Gov Lowe's parliamentary testimony,

scheduled for Friday. Fallout from Sino-U.S. trade talks will also be of

interest, with top-level negotiations set to resume today.