AUD review

Western Union:

Australia's juicy 2.25% yield - second best in the developed world after New Zealand's 3.50% - helped the Aussie dollar notch 10-day highs against its otherwise stronger U.S. counterpart. 

Though comfortably above recent six-year lows under $0.7600, the Aussie could be skating on thin ice. Critical inflation data are due from China on Friday. Prices are forecast to fall a tick to 1.3% annually in March. 

Weaker data from China tends to weigh on the Aussie given the nations' close trade bond. Although the RBA this week took a surprise pass on cutting interest rates, the future still augurs lower rates which risks undercutting Aussie rallies.