The Australian dollar strengthened today as the report showed the improving conditions on the jobs market and as China’s exports surged.
Chinese exports rose 49 percent and imports went up 48 percent in May compared to the previous year. China is Australia’s largest trading partner. The employment increased by 0.2% to 26,900 in May from April; the unemployment rate decreased 0.2 percentage point to 5.2%.
The favorable figures added to the evidences of the strong Australian economy, while China added to the signs of the accelerating global economic recovery. This increased the attractiveness of the Aussie to the investors.
AUD/USD traded at 0.8485 as of 21:48 GMT today after opening at 0.8276. EUR/AUD traded near 1.4268 after it opened at 1.4465. AUD/JPY traded at about 77.56.
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