AUD/USD: The Australian Dollar was held in a tight 55 point range as we closed last week, but a pick-up in sentiment and commodities ensured the currency closed at the top of the day’s price action. The weekend’s developments saw the Chinese Governments manufacturing data improve and the PBoC eased monetary policy to give the economy a much needed boost. There is no data of note today and with tomorrows RBA meeting we can’t see too much movement happening until then. The markets consensus is for another interest rate cut tomorrow so importers with end of month bills still to pay should give us a call. Exporters get your target orders ready.