The Australian dollar strengthened against other major currencies in the European session on Tuesday, as China's trade surplus increased more than anticipated at the start of 2026, due to a significant rise in exports.
The official data showed that China's exports registered a double-digit growth during January to February period despite the fall in shipments to the United States, leading to a surge in the trade surplus.
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Forex News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.