AUD/USD now moving higher as U.S. equity.....>

AUSSIE: AUD/USD now moving higher as U.S. equity index futures hover just of

unchanged after traders were wary on the back of weekend BBG source reports

suggesting that U.S. President Trump was looking at removing Fed Chair Powell.

This was subsequently been played down by members of Trump's administration and

White House staff, with questions over the legality of such a move apparent.

Elsewhere U.S. Tsy Sec Mnuchin called around the large U.S. banks' CEOs, in what

was seemingly a liquidity monitoring exercise. All the banks confirmed that they

have "ample liquidity" and haven't experienced any clearing or margin issues.

Mnuchin is set to convene a call on Monday with the President's working group on

financial markets, which includes officials from the Fed, SEC & CFTC.

- Rate last deals 15 pips better off at $0.7055. Resistance noted at Friday's

intraday high of $0.7123, initial support noted at today's intraday low of

$0.7034.

- Aussie docket is empty this week so rate will likely be driven by broader risk

appetite.