Australian dollar leads the way but volatility low so far

Author: Adam Button | Category: News

AUD on top, GBP lags

Chinese trade numbers were extremely strong earlier today.

Exports rose 15.6% compared to 11.7% expected. Imports were up 21.4% versus the 14.5% consensus.

Those numbers helped to boost the Australian dollar as high as 0.7298. Several tests of 0.7300 have fallen short in the past two days but it remains nearby. If that breaks, the September 25 high of 0.7314 will be the spot to watch.

Elsewhere, the market is in a bit of a coma at the moment with pretty much everything within 20 pips of opening levels.

The FOMC might be restraining volatility but expectations are pretty low so I wouldn't be expecting a big move afterwards.

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