AUD/USD took a dip into the WMR fix on.......>

AUSSIE: AUD/USD took a dip into the WMR fix on Thursday, wiping out all of its

earlier gains. Better than expected U.S. NFP report helped improve sentiment,

but market response was contained as the BLS warned that there may have been

misclassification errors in data collection. After topping out at $0.6952, the

rate lost altitude as White House advisor Kudlow offered some combative rhetoric

on China. It ticked away from lows ahead of the close and crept back into

positive territory, extending its winning streak to four straight days.

- Australia's plans to increase military spending met with Beijing's

sabre-rattling. The Global Times cited Chinese military experts noting that the

country will be prepared to retaliate "if Australia wants to provoke China".

- AUD/USD trades flat at $0.6925 and bulls look to take out Jun 16 high of

$0.6977 before targeting round fig./Jun 11 high of $0.7000/05. Bears look for a

dip through Jun 22 low of $0.6805, which would expose Jun 15 low of $0.6777.

- Australian retail sales and the final round of local PMI readings headline the

docket today. Next week, focus turns to Melbourne Institute inflation & ANZ job

ads (Monday), RBA MonPol decision (Tuesday) & housing finance data (Thursday).