AUD/USD flows: Risk Improves

Risk mood improves on Wednesday but is far from sounded grounds. It is reported that the UAE is preparing to support efforts to reopen the Strait of Hormuz by force. If true, would be a significant shift of stance for Gulf countries. 

Major equity indexes are in the green while precious metals erase early gains. AUD/USD is trading 0.02% higher at 0.6902.