AUD/USD flows: Regional Upbeat

While China remain in deflation in May, the slightly better than expected results are seeing regional equities to be more upbeat than U.S. equities. In the trade front, there is a 34.5% y/y drop of Chinese export to the U.S. But the still solid trade balance seems to be providing more optimism for market participants.

AUD/USD is trading 0.3% higher at 0.6512.