AUD/USD is testing the bids around 1.0250 as we await building approval data at 0130GMT and then the HSBC China manufacturing PMI at 0145GMT. Both of these will be important as we weigh up the likelihood of any RBA action at their May 7 policy meeting.
Previews of these economic releases are:
Incoming data: Australia Building Approvals for March at 0130GMT
and Incoming data at 0145GMT: China HSBC Manufacturing PMI for April
Below 1.0250 bids the are some bids around 1.0225 and again 1.0200. AUD/USD is heavy after its falls last night, though.
