AUD/USD flows: Here comes the TACO train

U.S. major equity indexes opened higher on TACO headline over the weekend. After his tough remark of 100% tariffs, Trump softened his stance over the weekend and revived market sentiment. Regional equities, on the other hand, had a terrible opening but calms as session progress despite still in the red. So far, we did not see a similar reaction form the Chinese front.

AUD/USD opened 30 pips higher and is trading 0.78% higher from Friday's close at 0.6524.