The Australian dollar rose today, rebounding after the earlier decline, as signs of growth in China and Australia made investors more willing to buy the growth related currency.
China’s trade balance improved from $17.8 billion in July to $28.5 billion in August. Australian home loans grew 2.4 percent in July, beating the forecast of 2.2 percent. The currency also rallied after Tony Abbott won an election for the prime-minister seat.
AUD/USD was up from 0.9199 to 0.9234 as of 18:08 GMT today after falling to 0.96166. AUD/JPY advanced from 91.73 to 91.93, reversing the drop to 91.29.
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