0.6528 is AUD/USD high water-mark since its drop to 0.6490 (six-month low)

Rally to 0.6528 aided by China's state-owned banks selling USD vs CNY

More: nL1N37N0EG. AUD is often used as a liquid proxy for the yuan

China steel prices hit three-year low on demand woes nL4N36F0EQ

Australia retail sales flat in April vs 0.2% growth forecast

U.S. April core PCE data due at 1230 GMT; 0.3% MM and 4.6% YY forecast