The AUD/USD opened at $0.8083 this morning and inched up in early dealings to $0.8103 before initial selling interest off $0.8105 countered the move. Aussie-dollar eased to $0.8086 after that before the release of Australia’s November trade data then triggered another sharp rebound. Aussie-dollar was lifted through rumored stops above $0.8120 and reached $0.8124 in the aftermath of the data, which showed a narrower-than-expected trade deficit. Aussie-dollar held near $0.8125 after that before it then marked a fresh leg higher in the early afternoon after traders circulated the report about China’s infrastructure spending. Aussie-dollar jumped again to a high of $0.8151 in a largely knee-jerk reaction before it ran aground on reported selling interest just off that high. Afternoon dealings saw the aussie then slip back as interest faded, with the rate last at $0.8128 heading into the European open.
