AUD/USD up 0.6% in early Asia as Trump taps Scott Bessent for Treasury

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

Appointment good for stock and bond markets, likely to cap U.S. yields

May promote economic & market stability, reduce chance of severe tariffs

AUD supported by RBA's hawkish stance; Australia's October CPI Wed awaited

Robust U.S. economy, scaling back of Fed rate cut expectations cap upside

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

Friday range 0.6471-0.6521; Asia Monday range 0.6510-0.6542

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