AUD/USD Hits New Session High Following Aussie Trade Data

Australia’s trade deficit expanded by less than expected in December, according to data released by the country’s statistics bureau on Wednesday (Tuesday night EST). The trade shortfall increased to A$2252 million versus the consensus call for a rise to A$2400 million from the revised A$1728 million deficit in November. Following the data, AUD/USD rose by 11 pips to $0.8881USD, a new intraday high.