AUD/USD up 0.45% in Asia, pares gains after rally to 0.6549, 2-week high

Gapped higher at the open to 0.6515 from New York close of 0.6500

Boosted by Trump's pick of Scott Bessent for post of Treasury Secretary

U.S. stock futures rally, U.S. Treasury yields drop; 10-year down 6 bps

Bessent respected by Wall Street, has advocated for tax reform, deregulation

Considered a fiscal hawk; chances of severe tariffs may also be reduced

Scaling back of Fed rate expectations caps gains; AUD at 0.6532 into Europe

Hawkish RBA limits downside; Australia's October CPI Wednesday awaited

Support 0.6510-15, 0.6475-80, resistance 0.6545-50, 0.6565

Asia range 0.6510-0.6549

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