# US dollar rises, Aussie drops after Chinese trade data

> The Australian dollar fell 0.93% to $0.6381 after the Reserve Bank of Australia softened its inflation outlook. The gains from the prior day's China stimulus pledge faded after weak Chinese November trade data showed exports slowing and imports unexpectedly shrinking.

- Date: 2024-12-10 · published 2024-12-10T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/27215-us-dollar-rises-aussie-drops-after-chinese-trade-data
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

China is Australia's largest trading partner, so weaker Chinese imports weigh on Australian export demand and the currency. A softer Aussie can make Australian feed grains and barley more competitive on world markets.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/dollar-edges-higher-before-cpi-aussie-steady-rba-decision-looms-2024-12-10/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.