AUD/USD up 0.3% in Asia as risk rallies on China rate move

China's central bank lowers 14-day repo rate by 10 bps

S&P 500 futures +0.3%, Shanghai Composite +0.65%, Nikkei futures rally

Expectations of a hawkish RBA on Tuesday add to positive AUD mood

Diverging RBA-Fed expectations support, concerns over China's economy cap

Australia CPI Wednesday and U.S. PCE Price Index Friday key data this week

Resistance 0.6839, 2024 high, 0.6871 Dec high; support 0.6780-85, 0.6740-50

Asia range 0.67985-0.68315

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