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Aussie rallied to 0.7242, within 0.5% of its 52-week high. Commodities strength and Asian tech optimism lifted the risk-sensitive currency.

China stimulus expectations plus surging commodity prices create a perfect storm for AUD. Iron ore above $140 adds fundamental support.

RBA minutes Tuesday 03:30 TRT. Any hint of hawkish tilt at the next meeting could push AUD through the 52-week high at 0.7277.

Meta slipped 1.2% to $609.63 as broader tech rotation favored hardware/semis over software/advertising names. Still 23% off its high.

Meta's $3.3B EU fine and ongoing Reality Labs losses are headwinds. The market is rewarding AI infrastructure plays over AI application plays this cycle.

$600 is the psychological floor. Trump's landmark social media regulation could create additional regulatory overhang if it advances.