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AUD/USD sitting 10 pips better off at typing, printing around $0.7270 after a choppy round of NY trade, centred on Fed Chair Powell's address (details covered elsewhere), ultimately resulted in the cross finishing higher on Thursday. Yesterday's high at $0.7290 represents the initial point of resistance.
- On a more localised front, Sino-Aussie tensions continue to simmer, with Chinese authorities banning beef imports from Australia's John Dee abattoir.
- Little of note on the Asia-Pac docket today, with regional digestion of Fed Chair Powell's address awaited.
- A reminder that A$ supportive flows surrounding the ACGB Nov '31 syndication are expected ahead of settlement on September 2.