$AUDUSD climbs after higher-than-expected local 1Q CPI data. But this is unlikely to lead to higher #RBA rates. Rather, the focus for the Aussie seems to be on APAC risk appetite gaining momentum as the #USD falls. #SP500 futures are up +0.98% - https://t.co/Vz72b19cwF https://t.co/RAQ0LeJCq9