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AUD/USD last $0.7100, a dozen pips higher....>

AUSSIE
AUSSIE: AUD/USD last $0.7100, a dozen pips higher on the day, after closing 13
pips lower Friday. Last week in Australia was dominated by MonPol matters, with
the RBA keeping it cash rate unch. On Friday, the RBA released its SoMP, which
affirmed Gov Lowe's earlier statement that the risk to the outlook for interest
rates is now more balanced. The central bank also trimmed its GDP growth exp.
across its forecast horizon (aggressively over the immediate term) and cut the
majority of its CPI exp. but left the end of 2020 estimate unch.
- Worth mentioning today Axios reported that U.S. Pres Trump's advisers
discussed holding a March summit with Chinese Pres Xi. 
- Bulls look for a jump above Friday's high of $0.7105 before targeting $0.7117,
where the rate peaked Thursday. Conversely, bears need a fall below the cloud
top at $0.7068 before challenging Friday's low of $0.7061. 
- Australian econ releases this week include domestic home loans due Tuesday.
Elsewhere, RBA's Heath speaks on Wednesday, while RBA's Kent speaks on Friday.
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