It had been a limited session for AUD/USD,...>

AUSSIE: It had been a limited session for AUD/USD, which shrugged off a slightly

softer than expected AU retail sales release.

- That was until BBG ran headlines noting that U.S. President Trump is said to

ask his cabinet to draft a possible China trade deal after his phone call with

President Xi, which triggered broader risk on flows.

- This came several hours after Trump noted that Chinese President Xi "wants to

make a fair trade deal," but stressed that "we have to make the right deal."

- The Antipodeans subsequently outperformed in the G10 space, adding to their

impressive gains lodged Thursday. AUD/USD registered a high of $0.7250 on the

move, last $0.7045, breaching the Oct 02 high at $0.7238, with bulls now looking

to the 100-DMA at $0.7271.

- Local focus next week is set to turn to the RBA MonPol decision/SoMP.