Australian Dollar Boosted by Jobs & China’s Imports Outlook

The Australian dollar rose today as the number of jobs available in Australia grew and on speculation that China will increase its imports.
Australia and New Zealand Banking Group reported that job advertisements increased 1.0 percent in April from March, following the 1.3 percent growth in March. China’s imports rose 28.9 percent in April from a year ago, following the advance by 27.3 percent in March, according to the estimates of analysts before the government report tomorrow. China is the main trading partner of Australia.
AUD/USD traded at 1.0753 as of 10:43 GMT today after opening at 1.0711 and posting the intraday high of 1.0787. AUD/JPY rose from 86.34 to 86.82.

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