• AUD/USD -0.6% from Thur 0.72643 high as broad USD index strengthens

• DXY +1.1% wtd, largely driven by escalating U.S. inflation concerns

• Reports indicate U.S./CN meeting focussed on trade and geopolitical issues

• Xi warns Trump Taiwan disagreements could push relations to dangerous place

• AUD shies away from 0.7283 resistance, vulnerable to further drift lower

• RBA's Hunter speaks Tue ahead May meeting minutes release, AU Apr jobs Thur

• U.S. initial jobless claims 211k (poll 205k), Apr retail sales +0.5%

• Overnight range 0.7217-61, support 0.7100 0.6834, resistance 0.7283 0.7661
AUD Hourly Bollinger Study & DXY Daily 55-DMA

(James Connell is a Reuters market analyst. The views expressed are his own.)