The Aussie gained on Chinese trade data

Note: This section contains information in English only.
Source: Bloomberg
The Aussie advanced against most of its 16 major counterparts this week,thus extending its five-day winning streak. The Australian currency reported gains after Chinese import advanced 7.6% and export surged 5.6% resulting in $31.1 billion trade surplus. The Australian Dollar is the second most overvalued currency after the New Zealand Dollar.

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