AUD/USD makes a high of 0.8683 before bouncing back - Rabobank

FXStreet (Barcelona) - The Financial Markets Research Team at Rabobank highlights the AUD/USD pair climbing to 0.8683 after the release of China’s foreign trade surplus data before bouncing back.

Key Quotes

“On the positive side, Australia’s business conditions improved markedly to 13 in October from just 1 in September (the biggest jump on the record).It seems that weaker AUD contributed to such impressive increase.”

“Australia’s house prices increased by 9.1% YoY in Q3 exceeding market estimate of 8.8% YoY gain, but still below Q2’s 10.1% YoY.”