AUD/USD sits at $0.6795 at writing, a........>

AUSSIE: AUD/USD sits at $0.6795 at writing, a touch lower on the day, after

rallying on China tariffs delay on Tuesday.

- Tuesday saw the pair edge higher from the off, even in the absence of any

material improvement in risk sentiment across the markets. AUD/USD shed gains in

early NY hours as core measures of U.S. CPI topped forecasts. The major boost,

which prompted a sharp bounce, was provided by the U.S. decision to delay a

fresh round of tariffs on some consumer products from China by 3 months, to

avoid affecting consumers in the run-up to Christmas. Subsequent rhetoric from

both the U.S. & China, suggesting that they remain in touch re: trade, fuelled

revived optimism, which carried AUD/USD to its intraday peak at $0.6818. The

rate slightly corrected the move pre-WMR fix, but remained elevated.

- Above the Aug 8 high of $0.6822 opens the 38.2% retracement of Jul-Aug fall at

$0.6832. Bears eye $0.6750-45 zone, which registered several lows this month.

- Aussie highlights today are Westpac cons. conf. survey and wage price index.

RBA Dep Gov Debelle will speak in the London morning and on Thursday; the key

jobs report hits also on Thursday. China's activity data is also in focus today.