Australian dollar higher ahead of China's data

The Australian dollar traded higher today in the early Asian trading session ahead of China's trade data release.

Australian and U.S. dollar at 0.7822

The AUD/USD pair traded at 0.7822 rising 0.03%, the EUR/USD at 1.1831 stable, and the USD/JPY at 112.27 declining 0.02%. The U.S. dollar index approached the 92.94 level appreciating 0.16%.

The initial jobless claims reached 258,000 for the week ending 0ctober 7 falling 15,000, the U.S. Department of Labor reported yesterday.

The U.S. Department of Labor stated further that its PPI climbed 0.4% for the month of September, and the PPI escalated 2.2%.

Crude oil rallies after supportive data

The price of crude oil appreciated aggressively today following the positive data, amid the third weekly declination in the U.S. crude stockpiles and further market tightening.

The U.S. WTI for November contracts traded at $51.33 a barrel rising approximately 1.40% or 71 cents, Brent oil for December delivery aimed at $57.06 a barrel appreciating around 1.44% or 80 cents, gasoline futures at $1.604 a gallon escalating 1.04%, and the natural gas futures to $2.994 per million British thermal units adding 0.17%.

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