# $A: Aussie dollar jumps over US72c on back of bumper trade surplus

> The Australian dollar rose above US72 cents to a four-week high after a September trade surplus boosted by commodity exports. Wall Street gained as Trump said talks with China were moving along nicely, and the Dow and S&P 500 both rose about 1%.

- Date: 2018-11-01 · published 2018-11-01T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/62297-a-aussie-dollar-jumps-over-us72c-on-back-of-bumper-trade-surplus
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Stronger commodity export receipts and improved US-China trade sentiment support the AUD and risk assets. The direct impact on feed commodity prices is modest.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- smh.com.au: https://www.smh.com.au/business/markets/aussie-dollar-jumps-over-us72c-on-back-of-trade-surplus-20181102-p50djp.html

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