Good morning, afternoon or evening to all ForexLive participants and welcome to the start of the new FX week.

As is usual for a Monday morning, interbank market liquidity is very thin until more Asian centres come on online ... prices are liable to swing around on not too much at all, so take care out there.

AUD lower after the weekend election - looks like a hung parliament (no side with an outright majority). There has been a lot of talk since I posted this run-down, but no more counting towards the result will happen until Tuesday (Australia time) so the situation has not changed.

Price guide: