The Australian dollar rose as Chinese exports grew more than forecast in January, adding to optimism over the high-level trade talks between the U.S. and China.
AUD/USD gained as much as 0.4% to 0.7120 as Chinese shipments in January rose 9.1% on year, beating estimates for a 3.3% decline. President Donald Trump is considering pushing back the deadline for imposition of higher tariffs on Chinese imports by 60 days, according to people familiar with the matter, to give more time for the trade negotiations.
Bloomberg Dollar Spot Index drifted lower after reaching the highest since Jan. 3; 10-year Treasury yield gained 1bp to 2.71%.
USD/JPY was little changed at 111.04, and touched 111.13, strongest since Dec. 27.