Australian Dollar Ticks Up After China Trade Data


The Australian dollar inched higher against its major counterparts after a report showed that China's trade balance nearly doubled to reach $31.1 billion in September from $15.1 billion surplus in the previous month. Economists had expected a $24.8 billion surplus.
The Australian dollar was trading at 1.1362 against the New Zealand dollar and 1.4146 against the euro immediately following the report, up from previous lows of 1.1331 and 1.4216, respectively. The aussie also climbed to 93.11 against the yen and 0.9481 against the greenback from previous lows of 92.60 and 0.9431, respectively.

News are provided by InstaForex.