China's Exports Grew By &Nbsp In May, And The Aussie Dollar Opened.
According to Australia's new fast network, yesterday, there was news that China was in May.
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50% higher than the same period last year, the Australian dollar opened earlier today.
As of 7 a. m. eastern Australia, the Australian dollar was $US0.8278/85 against the US dollar, up 0.27% from yesterday's closing market price of $US0.8257/60.
Since 5 p.m. yesterday, the Australian dollar has maintained a $US0.8233 to $US0.8357 exchange rate against the US dollar.
China has been reported yesterday.
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The Australian dollar rebounded after a sharp increase of 50% in May.
China is the second largest economy in the world and Australia's largest trading partner.
China will issue a formal export report today.
Deputy manager of banking and marketing department of federal bank
Tim Kelleher
The Australian dollar rebounded yesterday afternoon after gaining good news from China, reaching the highest point of trading.
The local economic events that may affect the Australian dollar today are reported by the Australian Bureau of statistics in May.
Kelleher predicts that the Australian dollar exchange rate between the Australian dollar and the US dollar will remain between US$0.8250 and US$0.8300 today.
- Related reading
In May, The Total Value Of Imports Increased By 45.3% Over The Same Period Last Year.
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