• NY opened near 0.6285 after 0.6259 traded overnight, rally extended early

• Better risk sentiment helped rally AUD/USD to 0.6298, sellers then emerged

• Risk soured after Pres. Trump said will raise tariffs on Canadian metals

• AUD/JPY, stocks fell on the report; AUD/USD neared 0.6265

• Pair bounced however, neared 0.6290 late, traded up +0.21% in NY's afternoon

• US yield , US$ & USD/CNH drops helped AUD/USD turn positive

• 55-DMA held & daily RSI diverged on 4-day low, may be worries for bears

• US Feb. CPI due Wed., core CPIs estimated to drop from January's result
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)