The Australian dollar has started to gain strength in the past few days. When compared to last year, AUD has begun to rise in the market and has surely caught the attention of traders. With the number of building approvals rising up to 1.8%, Australia’s trade balance has been on par with the expected import and export values.

RBA’s Governor Philip Lowe has promised to improve Aussie’s economy and boost the growth of AUD. Aussie’s trade activity contributed to the growth of the economy with its GDP coming in at 1.1%. This indicates more economic activity in the nation. Also, the yearly merchandise trades came strong with a value of $1.302 billion in January. Aussie’s trading stance looks to be on the rise in the upcoming days.

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