AUD/USD trades little changed at $0.6940.....>

AUSSIE: AUD/USD trades little changed at $0.6940 as we type. The rate opened a

handful of pips below Friday's close, but has recouped losses. Participants

continue to assess the global Covid-19 situation, from both epidemiological and

economic perspective.

- Locally, the renewed spread of coronavirus infections in Victoria remains in

focus, with the state premier announcing a hardship payment scheme for 3,000

people quarantined in public housing tower blocks in Melbourne. Separately, the

Australian reported that "China is considering measures targeting Britain and

Australia - expected in the form of increased tariffs on exports".

- Australian FinMin Cormann announced that he will step down at the end of the

year and will not stand in the next general election.

- Topside focus falls on Jun 16 high of $0.6977 and a breach of this key level

would open up round figure/Jun 11 high of $0.7000/05. Bears look for a fall

through Jun 22 low of $0.6805, towards Jun 15 low of $0.6777.

- Aussie Melbourne Institute inflation & ANZ job ads are due today, RBA delivers

its latest MonPol decision Tuesday & housing finance data hits Thursday.