AUD/USD last seen at $0.7169, 8 pips.........>

AUSSIE: AUD/USD last seen at $0.7169, 8 pips lower, as post-CPI NZD weakness has

spilled over into AUD, to a degree.

- In Tuesday's Asia-Pac hours, the pair dived to its intraday low of $0.7140

after the latest RBA MonPol meeting minutes revealed that members discussed the

possibility of a rate cut if "inflation did not move any higher & unemployment

trended up," although it did reiterate that there is not a strong case for

near-term policy adjustments. Nonetheless, the rate wiped out its earlier losses

in the European morning, on the back of solid risk appetite. An article from RBA

watcher Terry McCrann drew some attention in early NY hours, further supporting

AUD, as it opened with the line "the RBA did not weigh an interest-rate cut at

its last policy meeting - as one online headline had it on Tuesday."

- A dip through the 200-HMA/100-DMA at $0.7143/37 would open up the 21-DMA at

$0.7122. On the topside, initial focus falls on the upper Bollinger band

(2%)/200-DMA at $0.7190/91.

- Australian labour market figures comes out tomorrow on Thursday, but today's

data releases from China will also provide interest.