AUD/USD flows: Will Hopium Last

The rebound in equity market seems to be driven by the anticipation of any positive headline on U.S. tariffs (mostly looking towards a one month delay). But such hopium is unlikely to last as China has responded firmly towards Trump remark that he will impose another 50% tariff. 

Major equity indexes has shown reversal of Monday's losses but have since retreated from session high from the lack of positive headlines surfacing. AUD/USD is still up 1.22% to 0.6057.