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Reporting on key macro data at the time of release.
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AUSSIE: AUD/USD has lost ground in early Asia-Pac trade, as weaker oil prices
have weighed on commodity-tied FX. In addition, a broader defensive feel is
evident, with U.S. equity index futures ticking higher from the off. AUD/USD
last changes hands at $0.6343, 23 pips worse off.
- The rate has slipped under 50-DMA ($0.6345), shifting bearish focus to Apr 16
low of $0.6264. Losses through that level would expose Mar 31 high of $0.6214, a
former breakout level. Bulls look for a rebound above Apr 14 high of $0.6445,
towards Mar 12 high of $0.6492.
- Australian docket this week features minutes from the RBA's Apr MonPol meeting
and a speech from RBA Gov Lowe (Tuesday), as well as flash CBA PMIs (Thursday).