AUD/USD slumped Thursday as a combination....>

AUSSIE: AUD/USD slumped Thursday as a combination of a weak Australian labour

market report and disappointing Chinese activity data delivered a blow to the

Aussie. Trade war chatter did little to disperse uncertainty, which further

pressured AUD. A recent FT piece pointed to mounting difficulties in finalising

U.S.-China "phase one" trade deal, while Fox reported that trade teams from both

countries spoke over the phone.

- AUD/USD last trades flat at $0.6784. The 61.8% retracement of the Oct 2 - Oct

31 rally at $0.6770 cushioned Thursday's sell-off and provides the initial

bearish target. A break here would draw attention to the Oct 16 low of $0.6724.

Conversely, a return onto the $0.6800 handle would bring the 50-DMA at $0.6816

into view.

- RBA Dep Gov Debelle will speak later today. Next week we will see RBA Nov

MonPol meeting minutes & comments from RBA Asst Gov Kent (Tuesday), as well as

flash CBA PMI data (Friday).