AUD/USD flows: Well Supported

While the key headline over the weekend is no doubt an escalation of geopolitical tension, we also have multiple headlines crossing the wires for the Chinese financial sector. China plans to incorporate 3 of its big managers (Cinda, Orient, Great Wall) of bad debts into sovereign wealth fund, China Investment Corp. They also tightens short selling restrictions. The Hong Kong Court ordered Evergrande's imminent liquidation after months of dragging on. At the end of the day, regional equities are in the green and see the Aussie being supported.

The AUD/USD is trading 0.27% higher at 0.6594 as commodity prices are solid on geopolitical tension.