Arab Today, arab today positive china trade data boosts australian dollar mining companies
Last Updated : GMT 05:36:13
Arab Today, arab today
Arab Today, arab today

Positive China trade data boosts Australian dollar, mining companies

Arab Today, arab today

Arab Today, arab today Positive China trade data boosts Australian dollar, mining companies

mining companies
Sydney - XINHUA

 The Australian dollar and the nation's mining companies were boosted on Monday following stronger-than-expected Chinese trade data.
China exports in September rose 15.3 percent from a year ago, and China's imports rose 7 percent, after being tipped to only rise 2 percent.
China's demand for iron ore in September was up 13.1 percent from August, while coal imports were up 12.2 per cent.
The Australian dollar rose from a low of 86.5 U.S. cents to a peak of 87.5 U.S. cents, before easing back to 87.32 U.S. cents.
Iron ore miner Fortescue Metals rose nearly 6 percent, Rio Tinto was up 1.9 percent, and BHP Billiton was 0.9 percent by 1:37 p.m. (AEDT).

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Arab Today, arab today positive china trade data boosts australian dollar mining companies Arab Today, arab today positive china trade data boosts australian dollar mining companies

 



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