AUD/USD climbed above 0.71, up 0.18% on the day.

At the morning open, China's lead futures contracts were mostly lower. Shanghai crude (SC) dropped over 5%; fuel oil fell more than 4%; low-sulfur fuel oil (LU) declined over 3%; styrene (EB) and benzene each slid over 2%; liquefied petroleum gas (LPG) was down nearly 2%; pulp and plastics fell just above 1%. On the upside, rapeseed meal rose about 2%, while methanol, coking coal and soybean meal gained around 1%.

US Aug retail sales and import price index MoM due in 10 minutes.