Major equity indexes improves post FOMC
The April Australian trade balance came in weaker than expected with exports m/m barely in positive territory of 0.1% and import slipped to 4.2% from 4.5%. However,the improving sentiment is in the driver's seat for the AUD/USD. Major equity indexes have resumed or rebounded the post FOMC drop with the HSI gaining more than 2%. Chinese market remain closed.
AUD/USD is trading 0.25% higher at 0.6539.