SCOREBOARD: Chinese accelerator

Commodity prices spiked overnight after strong Chinese trade data, and the Australian dollar jumped too.

The big gains made overnight were found in the commodity space – and of course the Australian dollar which is now pushing up against the $US1.06 mark. Although, according to my data, it hasn’t quite made it and sits at 1.0597 as I write. Stronger Australia, higher commodity prices? That’d be China and you probably already know that the trade data yesterday was much better than expected.

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