AUD/USD: Turning Around?

Compared with Monday, FX pairs were only slightly more active yesterday, but just by a hair. The key figure this morning is the U.S. trade deficit for February, which was down to $65.7 billion. The figure is comfortably below expectations of $68b, but uncomfortably high in absolute terms. The modest dip will do little to mollify U.S. criticisms of Chinese policy, ahead of the Premier's U.S. trip. Read More....