• AUD/USD slides to 0.6950 as global stock losses weigh on risk-sensitive AUD

• Kospi down 9.99%; Nikkei down 3.6%. 0.6950 is the lowest level since April 7

• 0.6979 (June 11 low) is now a resistance level, with 0.70 beyond

• Australian May CPI data is due on Wednesday; 4.3% YY forecast

• Australia's tax overhaul chills nation's long love affair with property

• BofA, Deutsche Bank expect Fed to raise rates in September

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(Robert Howard is a Reuters market analyst. The views expressed are his own)