AUD/USD received a boost yesterday on the....>

AUSSIE: AUD/USD received a boost yesterday on the back of relatively upbeat

Aussie labour market data. which allowed AUD to finish atop the G10 pile. A

downtick in headline unemployment, underpinned by a slightly lower participation

rate & new full-time jobs, inspired the partial unwinding of earlier RBA easing

bets. Implied odds of a Nov rate cut from Australia's central bank fell to ~25%

from 45% in the immediate aftermath of the release and currently sits at ~16%.

- Broader USD weakness allowed AUD/USD to extend gains in London hours, driving

a second round of purchases. The move may have been helped by the fact that

China's MOFCOM struck a positive note re: Sino-U.S. trade negotiations.

- With AUD/USD trading flat at $0.6825, bulls look for a move through the 76.4%

retracement of the Sep 12 - Oct 2 slide at $0.6842 and potentially above the

100-DMA at $0.6859. Meanwhile, a fall below the mid-point of the aforementioned

decline/50-DMA at $0.6783/80 would play into the hands of bears.

- RBA Gov Lowe spoke in NY/Asia crossover, noting that negative interest rates

are "extraordinarily unlikely" in Australia.

- Worth watching today's Q3 GDP/monthly econ indicators out of China.