MELBOURNE, April 27 (Reuters) - Australian shares are set to open cautiously higher on Wednesday, taking their cue from a weaker U.S. dollar boosting oil and mining stocks, while investors await the outcome of the U.S. Federal Reserve's two-day policy meeting.
Local share price index futures YAPcm1 rose 0.4 percent to 5,215.0, a 5.6-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark fell 0.3 percent on Tuesday.
New Zealand's benchmark S&P/NZX 50 index .NZ50 slipped 0.2 percent to 6,779.61 in early trade.
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PRESS/AUB
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