AUD/USD Extends Gains

AUD/USD has extended gains Tuesday morning, trading at 0.7967, up 0.0102. Market talk about some sellers near 79.75 is beginning to show up. The Conference Board of Australia leading indicators were up 0.5 percent versus 0.4 percent last month. Chatter about monetary easing from China and more measures to improve growth is making the rounds and has been supportive to the pair. Market talk about U.S. monetary policy and the Federal reserve meeting this week is constant and has led to buying. Chatter about the Australia Central Bank meeting next week is just beginning.