Signs of economic strength in China are underpinning further gains in the Australian dollar, now at a three-month high
Livewire News
Livewire
Signs of economic strength in China are underpinning further gains in the Australian dollar, now at a three-month high. The Australian dollar is trading at US93.09¢ at 8.20am AEST, up from US92.50c at last night's local close. Local equities also closed higher on Tuesday's trading, with the S&P/ASX200 up 19.7 points, or 0.38%, to 5201.2. China's industrial production rose in August at its fastest rate in 17 months, according to data released by the National Bureau of Statistics. The data comes on the heels of strong Chinese export data on Monday. The S&P/ASX200 is set to open higher this morning as SPI futures are up 29 points.
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Welcome to Livewire, Australia’s most trusted source of investment insights and analysis.
To continue reading this wire and get unlimited access to Livewire, join for free now and become a more informed and confident investor.
Already have an account? Sign in here
Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.
Never miss an update
Get the latest insights from me in your inbox when they’re published.
Please sign in to comment on this wire.