AUD/USD last deals at $0.6899, barely........>

AUSSIE: AUD/USD last deals at $0.6899, barely changed on the day. Today's

publication of local housing finance figures concludes Australian data releases

this week. The RBA's quarterly SoMP also comes out today.

- Thursday saw the rate start on the back foot amid renewed uncertainty

surrounding U.S.-China trade talks. The London morning brought risk relief as

Chinese MOFCOM announced that Washington and Beijing agreed to pursue a

coordinated rollback of mutual tariffs. A firmer USD added some weight through

the rest of the European session, but the rate recovered as the U.S. confirmed

that a tariff rollback will be part of the phase-one trade pact. A RTRS report

stating that the tariff move faces some fierce opposition within the White House

dragged the rate off highs late doors, but wasn't enough to erase earlier gains.

- Bulls look for a break above $0.6925/30, the 61.8% retracement of the Jul 19 -

Oct 2 slide/Oct 31 peak. This would expose the 200-DMA at $0.6947. Meanwhile, a

drop below Thursday's trough at $0.6862 would open up the 100-DMA at $0.6850.

- Australia's largest pension fund said that the RBA may launch QE next year &

they are positioning accordingly. "The process (...) would push currency down."