Support for higher yielding assets alongside a withering U.S dollar has paved the way for Australian dollar strength which has made a break to the upside of 104 US cents. The local unit finished the week at 104.6 US cents and remains well bid in early trade, albeit in illiquid conditions. The main event for the Aussie this week will be Tuesday's interest rate decision which is widely expected to see the RBA cut interest rates by 25 bps in response to weaker than anticipated growth amid a subdued inflation environment. With expectations of a rate cut well and truly baked into the market, Aussie dollar direction will be guided by the ensuing statement and of course if the RBA take the largely unexpected option of cutting more than 25bps. Other key directives from abroad this week include U.S non-farm payrolls on Friday with a host of top-tier economic data from the U.S earlier in the week including personal consumption expenditure and ISM manufacturing data.