AUD/USD hits 0.7070 after falling further from 0.7120 (Asian session high)

0.7070 is lowest level since Wednesday (0.7033 was low that day)

Drop to 0.7070 influenced by Hang Seng's 2.7% fall (AUD is risk-sensitive)

0.7142 was 33-week high for AUD/USD last week, after hot Aussie CPI data

RBA rate hike expected next week (Feb 7). Fed event risk this week (Feb 1)

Odds 'very high' of U.S. military conflict with China, top Republican says