AUD/USD has lost some ground early on and....>

AUSSIE: AUD/USD has lost some ground early on and last sits -8 pips at $0.6660,

as participants have digested news flow from over the weekend. U.S.-China

sabre-rattling continued, while the U.S. saw an escalation in a wave of local

violent protests. China released its official PMIs, with a miss in the m'fing

gauge coupled with a marginal beat in its non-m'fing counterpart.

- The AFR reported this morning that PM Morrison is planning to unveil a

stimulus package for domestic building industry this week, which would involve

grants of at least A$20,000 to buyers of new homes.

- Meanwhile, state health officials have asked residents to remain cautious as

the nation relaxes some of its lockdown measures today.

- Below May 26 low of $0.6538 would open May 22 low of $0.6506. Bulls target May

29/Mar 9 highs of $0.6683/85, followed by the 2.0% 10-DMA envelope at $0.6734.

- Australia's economic docket is densely packed this week & includes include AiG

& CBA (f) M'fing PMIs (today), RBA MonPol decision, company operating profit,

inventories, net exports & BoP current a/c balance (Tuesday), GDP & building

approvals (Wednesday), trade balance & retail sales (Thursday).