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AUD/USD stays below 0.76

Losses were capped at 0.7568 levels enabling the currency pair to trim losses as the greenback stays on a weaker footing following last week’s dovish FOMC event. AUD came under pressure in early Asia after People’s Bank of China Governor Zhou Xiaochuan corporate debt — had become too high.
Aussie has had a nice three week run mainly on account of rally in oil and other commodities. It is a quiet data week in the lead-up to Easter, but will do have couple of Fed policymakers hitting the wires with their take on monetary policy and that could enlighten the markets.

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