AUD/USD offered in early Asia after closing 0.25% lower on Friday

Weighed down by higher U.S yields as producer prices rise more than expected

U.S.10-yr yield up 8 bps in New York; Treasury supply concerns also a factor

Unease over Chinese economy, tepid risk appetite continue to undermine AUD

Shrinking Australia- US yield differentials, lower metals prices take a toll

Test of 2023 low at 0.6459 imminent, break opens ratchet to 0.6390-0.6400

Resistance 0.6535-40, 0.6560, key 0.6610-20; Fri range 0.6533-0.6486

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