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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.

Nasdaq 100 hit a new all-time high at 29,235 — a 2.35% surge led by semis after the Philadelphia Semiconductor Index also reached a record.

AI capex cycle is entering a new phase. Hyperscalers are spending faster than consensus, and the market is rewarding the entire supply chain — from chips to cloud to cooling.

30,000 round number is the next magnet. Earnings from Cisco and Applied Materials this week will test whether the AI narrative has more room.