Ryan had the headline during the London morning: RBA will cut in May - Livesquawk
If you're just waking up, the story in the Sydney Morning Herald saw the AUD/USD a lot lower overnight.
Here is the direct link to the Herald article: Reserve Bank to cut interest rates in May in face of weak economy
Meanwhile, plenty of market closures in Asia today, but nevertheless there is plenty on the agenda:
Economic data due from China today
Economic data due from Japan - big day coming up
The Asian centres open and closed today - FX liquidity will be much diminished
Economic data due from Australia