AUD/USD last trades at $0.6761, barely.......>

AUSSIE: AUD/USD last trades at $0.6761, barely changed. No reaction to RBA Asst

Gov Bullock's speech re: business & financial stability has been noted.

- After ticking higher in early Asia-Pac trade on Wednesday, the rate slumped on

the back of unexpectedly dovish RBNZ action. New Zealand's central bank trimmed

its OCR by 50bps, with consensus calling for a 25bps cut, while during the

subsequent presser RBNZ Gov Orr mentioned reviewing different policy options,

including non-conventional tools. The move didn't deter dip-buyers and the pair

clawed almost all of its earlier losses through the rest of the day. Recovery

was likely aided by an SCMP report stating that negotiators from the U.S. and

China are expected to meet in September as planned.

- The post-RBNZ rout sent AUD/USD to its worst levels since Mar 2009 of $0.6677.

Bears initially look for a dip through the lower Bollinger band (2%) at $0.6711,

which would bring the aforementioned 10-year low into view. Bulls need to

recover the trendline at $0.6776 and the $0.6800 mark to regain some poise.

- Comments from RBA Gov Lowe and the latest SoMP are due tomorrow. China's trade

& inflation data, due today & tomorrow respectively, will also provide interest.