AUD/USD receded Monday under pressure from...>

AUSSIE: AUD/USD receded Monday under pressure from a weaker risk appetite,

dented by concerns re: progress in U.S.-China trade talks & escalating violence

in Hong Kong. Although recovery in London hours allowed the rate to shake off

its earlier weakness, subsequent sell-off dragged it back into the red.

- The nearest point of note ahead is Australian NAB business confidence survey,

due later today. Westpac's consumer confidence comes out on Wednesday, with the

key labour mkt report due on Thursday. RBA Asst Gov Bullock speaks on Thursday,

while Dep Gov Debelle makes an appearance on Friday.

- AUD/USD holds steady at $0.6850. The 100-DMA, which today intersects at

$0.6848, has provided support the last couple of sessions. A clean break below

would open up the 50-DMA at $0.6817. On the flip side, a jump above the Oct 22

high of $0.6883 would expose the Sep 12 peak at $0.6895.

- An unprecedented wave of bushfires forced New South Wales authorities to

declare a state of emergency Monday,. The event may draw another round of

criticism of the gov't's environmental policies.