AUD/USD has added 35 pips in Asia-Pacific....>

AUSSIE: AUD/USD has added 35 pips in Asia-Pacific trade, last dealing at $0.7090

after the rate failed to challenge $0.7100, topping out at $0.7096.

- The first bout of risk positive/supportive AUD flows came in late NY trade as

the White House declared that it is "unaware" of alleged plans to impose another

wave of sanctions on imports from China, should next month's Trump-Xi talks fail

to conclude with a trade deal (contradicting an earlier BBG sources piece). The

move further accelerated in Asia-Pacific trade after President Trump said that

he expects "a great deal with China."

- RBA's Bullock failed to touch on MonPol during her address today, focusing on

banking sector specific matters.

- Initial resistance noted at Monday's high of $0.7120. On the downside,

Friday's low at $0.7021, provides the first port of call for bears.

- Focus re: the Australia docket now turns to Australian CPI data due tomorrow,

after AUD had no reaction to today's building approvals release.