Currency Update: The AUD is up almost a cent against the USD in the last 24 hours

Currency Update: The AUD is up almost a cent against the USD in the last 24 hours. Some good economic data out of the US also helped to buoy markets, with industrial production coming out better than expected. The AUD is currently trading around 0.9080 and is also up against the EUR, GBP and JPY. The focus of domestic markets today will be the release of the minutes from the March RBA board meeting, although we are not likely to see anything unexpected. In Europe overnight the release of February CPI slightly missed expectations, coming out at 0.7% vs. 0.8% expected. The USD is up against the yen and equity markets closed higher across both Europe and the US.