• AUD/USD gravitates towards option expiries after dip to 0.70425 on RBA rate hold

• The largest expiries for today's NY cut are 0.7060-65 strikes

• 0.70745 was Asian session high, before RBA monetary policy announcement

• RBA warns rate hikes might not be over after keeping its cash rate at 4.35%

• First two-day FOMC meeting chaired by Warsh gets underway later

• Australia declares El Nino in Pacific that could become strongest in decades

AUDUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)