• NY opened near 0.7000 after 0.7029 traded overnight, drop extended in NY

• Extension of US yield rallies helped drive broad-based USD buying

• Drops in equities, silver, copper, oil helped reinforce the USD buying theme

• AUD/USD broke August's monthly low, hit a 2-month low of 0.6966

• The pair hovered just above that low, traded down -0.69% late in the day

• Techs are bearish; RSIs falling & pair below 200-DMA, 61.8% fib of 0.6877-0.7238

• China Sept. NBS PMIs, Australia Aug. CPI are data risks in Asia trading hours
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)