Phin Ziebell speaks to Rodrigo Catril, Senior FX Currency Strategist and Mat Hosking Senior Markets Manager. Rodrigo discusses the AUD’s performance in April, touching on the AUD’s inability to sustainably break above .7800 on three occasions during the month. Phin and Rodrigo also talk about the US FOMC's position on stimulus and QE tapering. Looking ahead Rodrigo notes positive sentiment on commodity demand as a potential driver for AUD strength. Mat Hosking joins the conversation observing the tight recent AUD range, activity above .7800 for importers and around .7620 for exporters. Mat also discusses hedging instruments used in the current market, freight costs, demand for goods, budget levels and FX Risk Management.