The AUD/USD pair remained depressed through the early European session and was last seen hovering near the lower end of its daily trading range, around the 0.7075-70 region.
The pair witnessed some fresh selling on the last trading day of the week and drifted back closer to the previous day's near three-week lows amid expectations of further policy easing by the RBA. It is worth recalling that the RBA governor Philip Lowe provided a strong indication on Thursday that the central bank might cut interest rates, or announce further stimulus measures at its next meeting in early-November.


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