Another positive session for the Aussie this morning as it gained to 3-week high following the release of another set of buoyant economic numbers. Aussie-dollar opened at $0.8910 after overnight gains stalled ahead of this week’s $0.8943 high traded after the RBA’s policy statement. The early risk-on theme lifted aussie-dollar up to around $0.8932 minutes after Japanese stocks opened although at that point activity was still largely sluggish. The release of of Australia’s trade data, at the same time as retail sales and the NAB’s bsuiness survey, triggered a broader aussie jump, and aussie-dollar waslifted through $0.8950. The pair then broke above stops at $0.8965 and briefly paused ahead of sell orders at $0.8965. These then gave way and the aussie traded a high of $0.8981 before being capped. It has since held near there and was last at $0.8963, with rumored sellers still spied ahead from $0.8990 through $0.9000. Beyond that, the previous monthly high of $0.9086, traded on Jan. 13, beckons.
