AUD/USD higher

AUD/USD is trading higher Wednesday morning. AUD/USD is trading at 0.7789, up 0.0077. Chatter about Australian CPI that came out overnight up 1.3 % up versus 1.2 % on the previous report on a year over year basis has led to some buying. Quarterly Business confidence surveys are set for release by NAB at 09:30 PM ET on April 22nd. Chinese PMI data is set for release on April 22nd at 09:45 PM ET.