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Australian Dollar Firm After Domestic & Chinese Economic Reports

December 8, 2017 at 11:58 by Vladimir Vyun

Australian 100-dollar billThe Australian dollar was flat against its US counterpart but rallied versus other majors after positive macroeconomic data, both domestic and China’s.

The number of home loans registered in Australia fell by 0.6% in October from September. Still, it was a far better reading than the predicted drop by 2.2% and September’s declined by 2.5%.

China’s trade surplus widened from $38.2 billion in October to $40.2 billion in November, above the consensus forecast of $35.0 billion.

AUD/USD traded at its opening level of 0.7511 as of 11:56 GMT today. AUD/JPY rallied from 84.93 to 85.24.

If you have any questions, comments or opinions regarding the Australian Dollar, feel free to post them using the commentary form below.

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