Australian Dollar Sees Notable Gains on Positive Chinese Trade Figures

Thursday, 7 March 2024, 04:43

The Australian Dollar (AUD) shows resilience and strengthens over two consecutive sessions following encouraging Chinese trade data, while the US dollar (USD) remains subdued. Economic developments in China are bolstering the AUD, reflecting market optimism and a shift from the weakening USD.
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Australian Dollar Sees Notable Gains on Positive Chinese Trade Figures

Australian Dollar Gains on Positive Chinese Trade Data

Market Movement:

  • The Australian Dollar (AUD) continues its upward trajectory;
  • US Dollar (USD) weakness supports AUD gains.

The Australian Dollar (AUD) is on the rise for a second straight day fueled by promising Chinese trade data as the US Dollar (USD) lags behind.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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