Syria and international trade again made the headlines overnight with the US and China having seemingly once again firmed up their stance on tariffs and protectionist policies. US and Chinese leaders continue to blow hot and cold and this is stoking equity market volatility. However, this did not bother the Australian Dollar which has rallied to a one-month high of AUD/USD 0.778 following the release of stronger-than-expected Chinese import growth of 14.4% year-on-year in March.
There are few tier-1 macro data releases for markets to get their teeth in today so focus likely to be on scheduled speeches by Federal Reserve members Rosengren, Bullard and Kaplan.
