Aust dollar nears 106 US cents

The Australian dollar has risen about half a US cent during the offshore session to sit just under 106 US cents.

At 0620 AEDT on Friday, the Australian dollar was at 105.94 US cents, up from Thursday's local close of 105.49 US cents.

During the overnight session, the Australian dollar reached a high of 105.96 US cents.

The local currency's latest surge began on Thursday after the release of stronger than expected official Chinese trade figures.

The data showed Chinese exports rose 14.1 per cent in December from a year earlier while imports increased six per cent, leaving a trade surplus of $US31.6 billion.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    0.9288+0.0001+0.01%
    AUDUSD=X
    0.5534-0.0001-0.01%
    AUDGBP=X
    0.6723+0.0002+0.03%
    AUDEUR=X
  • Commodities
    Commodities
    NamePriceChange% Chg