The Aussie dollar sits at the bottom of......>

AUSSIE: The Aussie dollar sits at the bottom of the G10 pile, as reports of a

major deadlock in Sino-U.S. trade negotiations from over the weekend have

affected price action. AUD/USD last seen at $0.6990, 12 pips lower on the day.

Above the downtrend resistance at $0.7010 would expose Friday's high of $0.7019.

Conversely, bears eye the May 6 multi-month low of $0.6963.

- On Friday, the pair touched its intraday high in Asia-Pac hours, supported by

hopes that Sino-U.S. trade talks might bring progress at the end of the day.

However, AUD/USD gave away gains into the London morning, as negotiators failed

to reach agreement, and continued to operate within a 23 pip range.

- This Saturday Australians will vote in a federal election. At a campaign

launch PM Morrison pledged to cut deposit requirements for first-home purchasers

to 5% from 20%. Meanwhile, the RBA remains concerned with falling house prices.

- Australian home loans data comes out later today, while RBA Dep Gov Debele is

due to speak. NAB biz. confidence figures are due Tues, Westpac cons. conf.

survey will follow on Weds, while Thurs will see the release of Aussie labour

mkt report & comments from RBA's Bullock.