Forex Flash: AUD/USD supported by Chinese data - UBS

FXstreet.com (Córdoba) - Much better than expected Chinese trade data added to the uptick of PMIs a few days ago and led to some optimism that the Chinese GDP rebound could be stronger than initially expected, says the UBS analyst team.

"Overall this lifted the AUDUSD exchange rate to a four-month high", they comment. "We continue to be skeptical of any further AUDUSD advances and recommend only adding AUD around parity".