Weighed on by domestic & offshore factors,...>

AUSSIE: Weighed on by domestic & offshore factors, AUD lost ground against every

other G10 currency. AUD/USD sits at $0.6834, 31 pips shy of neutral levels.

- The latest RBA MonPol meeting minutes were read as marginally dovish, as the

document reaffirmed the potential for a further interest rate cut; this showed

through via nuanced shifts in the language at the time of the decision.

- Elsewhere, participants noted the fact that the PBoC decided to only partially

roll the maturing MLF at a steady interest rate (while some exp. a cut).

Resulting yuan weakness spilled over into the Aussie. The PBoC fix came in

between BBG & RTRS est., but represented the largest weakening of the central

rate in 3 weeks, which may have exerted a degree of pressure on CNY & AUD.

- The broader backdrop inspired caution, amid heightened geopolitical tensions.

- The rate operates just above the 38.2% fibo retracement of the Jul-Aug slide,

located at $0.6832, and a clean move below the level would shift bearish focus

to $0.6822, the Aug 8 high & former breakout level. A bounce off $0.6832 would

encourage bulls to target the 50-DMA at $0.6849 (also the lows of Sep 10 & 11).

- Aussie labour market report awaits publication, due on Thursday.