AUD/USD rises above 0.8900 after China trade data

FXstreet.com (Córdoba) - The AUD/USD recently reached a fresh daily high at 0.8910, following China trade data for December that showed a narrowing surplus. In the initial hours of the Asian session the pair moved away from 0.8900 and dropped to 0.8875 (daily low) before bouncing to the upside.

Immediately after Chinese numbers were released the AUD/USD fell from 0.8898 to 0.8891 but later pushed to the upside breaking above 0.8900 and American session highs. Currently trades at 0.8905, up 0.10% from today's opening price.

Jan 10, 2014

China trade balance narrows but imports surge

China trade balance for December, which was expected at +$32.15bn, came at +25.6 bn, $33.8bn was the prior reading. Exports for December came at 4.3% vs 5.0% expected and prior of +12.7%, while imports stood at +8.3% vs +5.0% expected, prior was +5.3%.

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Jan 10, 2014

EUR/USD consolidates around 1.3600 ahead of US labor data

After rallying during the American session from 1.3570 to 1.3610 the EUR/USD stabilized and in the last hours has been trading in a small range between 1.3613 and 1.3600.

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