Aust dollar lifts in early trade

Local currency nears five-month high after China GDP, RBA comments.

The Australian dollar rose to its highest level in almost five months after the release of solid Chinese economic data and expectations the Reserve Bank of Australia won't be raising the cash rate soon.

At 0630 AEDT, the local unit was trading at 96.74 US cents, up from 96.27 cents on Friday.

Early on Monday morning, it peaked at 96.82 US cents, the Australian dollar's highest level since June 4.

On Friday, it was was reported that the Chinese economy expanded 7.8% in the 12 months to September, figures that matched market expectations.

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