Local stocks have come under selling pressure in early trade on Tuesday, despite predictions of a flat session.
Risk assets were mixed overnight with US equities losing ground while European equities and metals mostly gained ground.
AUDUSD's break of the trading range which kept it hostage since August 2012 was quick but not painless.
Last week the renminbi reached its highest level against the US dollar in 19 years.
Precious Metals Hit 3-Week Lows, ETFs "Could Sell Another 250 Tonnes of Gold"
TEN CEO Hamish McLennan has left no-one in any doubt
The Australian market looks set to open lower, with Wall Street more than 30 points down.
David Jones is the second major retailer to release its first-half earning inside a week
Myer released its first-half figures before the bell today
The Reserve Bank of New Zealand?s monetary policy meeting this week will be closely watched for any indication the bank may start tightening monetary policy sooner than expected.
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