Monday saw Citi note that "our AUD spot......>

AUSSIE: Monday saw Citi note that "our AUD spot trader remains cautious despite

the risk bid: "As the potential for a genuine second wave of the coronas virus

intensifies, the whole of the eastern seaboard prepares to follow Victoria back

into lock down. The threat of this is underinvested and the capital costs to

re-open (higher input and output) become more pronounced when businesses are

forced to close their doors again. This is a genuine crossroads for an economy

battling to retain a pulse. I continue to be amazed by the resilience of AUD

crosses, I repeat the USD is too hard but the performance of AUD crosses can

only be explained by the well versed real money story that will soon dry up. We

continue to play from the short side vs. NZD/NOK, then GBP/EUR/CAD."