Wednesday, February 1, 2012

Australian Dollar Hits Multi-Month High 澳元升高

SYDNEY (MarketWatch) — The Australian dollar climbed against the greenback on Thursday, after signs of a pick up in global manufacturing and the release of surprisingly strong monthly trade data.

The Australian dollar /quotes/zigman/4867876/sampled AUDUSD +0.27% reached a high of $1.0757 in Asian trading hours, a level not seen since early September.

The currency, which tends to be sensitive to economic growth expectations, started Thursday’s Asian session on a strong note after the release of robust manufacturing surveys from the U.K., Europe and the U.S., as well as Chinese data that, though lackluster, surprised to the upside.

But this currency's strength may not be very long-lasting. You need to watch out for China's economy!

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