AUD/USD has added ~20 pips thus far, as......>

AUSSIE: AUD/USD has added ~20 pips thus far, as U.S. President Trump tweeted

that the U.S. will delay tariffs on China, previously set for March 1. Trump

also reported "substantial progress" in trade talks with Beijing and said a

summit for Chinese President Xi and himself is planned for March, with the aim

of "concluding the agreement," based on "additional progress." The pair last

deals at $0.7148, off of the reaction high $0.7154.

- AUD/USD climbed 37 pips Friday, supported by optimism re: Sino-U.S. trade

relations. RBA Gov Lowe spoke also Friday and said that it is "unlikely that

rates will go up this year."

- Elsewhere, the weekend saw AU Trade Min Birmingham echo earlier statements

from Chinese & Australian officials denying reports saying that China has banned

Australian coal imports.

- Bulls look to $0.7162, which represents the 100-DMA, ahead of the 1.0% 10-DMA

envelope at $0.7189. Meanwhile, bears need a fall below the 55-DMA at $0.7158

before challenging the 200-HMA, located at $0.7126.

- Australian focus this week turns to the first round of Q4 GDP partials.