Australian Dollar Higher After Trade Balance Improves

The Australian dollar rose today following yesterday’s drop. The currency gained thanks to the improvement of the nation’s trade balance.
The trade balance deficit shrank from A$3.25 billion in June to A$2.41 billion in July. It was a better reading than the predicted A$2.65 billion. This allowed the Aussie to rally against its major peers while yesterday economic data was not as supportive, leading to a drop of the currency.
AUD/USD rose from 0.7670 to 0.7772 as of 10:14 GMT today. EUR/AUD fell from 1.4633 to 1.4601.

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