• AUD/USD holds sub-0.70 as Asian stock losses weigh on risk-sensitive AUD

• 0.70 was Asian session high. There is a large 0.7000 option expiry today

• 0.69765 marks the intra-day low (0.6986-0.7012 was Thursday range)

• CFTC data to show if net AUD position less bearish for first time since mid-May

• Data due at 1930 GMT: net AUD short was 24,651 contracts in week to July 7

• Australian jobs data due next week. Another RBA rate hold expected in August

IMM net AUD short


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