South Korea Producer Price Index Growth down to -0.1% in March from previous 0.1%

AUD/USD has surged in interbank trading, printing a session high of 0.7840 before retracement some of its sizeable gains towards 0.7820, wich still represents a boost of over 40 pips from the last NY close at 0.7780, following weekend news that China has decided to cut its RRR for all banks by 1%.