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