AUD/USD starts the week on a firmer note,....>

AUSSIE: AUD/USD starts the week on a firmer note, amid a broader risk-on feel.

Commodity FX draw support from the weekend decision of OPEC+ to extend their

crude output cuts, which bumped oil prices higher from the off. This helps the

pair extend Friday's gains, registered as U.S. NFP report topped expectations,

boosting wider sentiment. As a reminder, Australia observes a public holiday

today, which may thin out AUD liquidity.

- Australia's tensions with China have continued to escalate as Beijing warned

its citizens against travelling to Oz. Beijing told its citizens that

discrimination against Asians in Australia has risen amid the coronavirus

outbreak, drawing a pushback from Aussie Trade Min Birmingham. Worth adding that

China's imports from Australia declined 10.7% Y/Y in May.

- AUD/USD sits +16 pips at $0.6985. The round fig. of $0.70 remains the initial

bullish target, after the rate showed above there on Friday. A break here would

open Dec 31, 2019 high of $0.7032. Bears eye the low of Jun 3 at $0.6857.

- Australian data this week include ANZ job ads & NAB Biz. Confidence (Tuesday),

as well as Westpac Consumer Confidence and housing finance data (Wednesday).