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AUD/USD last trades at $0.7110, 14 pips......>

AUSSIE: AUD/USD last trades at $0.7110, 14 pips better off. Strong off'l Chinese
PMI data, released over the weekend, put an early bid into AUD, but the rate has
ebbed off of highs. All 3 headline indices advanced, with m'fing PMI moving back
into positive territory; new export orders remained sub-50, but still improved.
Chinese Caixin PMI data is due later today & on Wednesday. Worth noting AU CBA
m'fing PMI (f) printed unch. at 52.0 and AiG m'fing PMI fell to 51.0 from 54.0.
- On Friday, AUD/USD finished 22 pips higher, as AUD drew support from the
general risk-on feel, and optimism re: the Sino-U.S. trade talks in particular.
- A break above the session high of $0.7129, which hovers just above the 55-DMA,
would open up the Mar 21 monthly high/upper Bollinger band (3%) at $0.7168/69.
Conversely, bears look to the 200-HMA & 100-HMA, both located at $0.7102.
- Australian CoreLogic House Price Index is due at 0000BST/1000AEDT, amidst the
RBA's worries re: the impact of house prices on consumption, owing to the wealth
effect. The release will be followed by the RBA MonPol decision, due on Tuesday.
Elsewhere, Australian building approvals due Tuesday, as well as retail sales
and trade balance due Wednesday will also provide interest.

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