Asian currencies continued to harness positive market sentiment to continue higher as markets' expectations of a global recovery supported by vaccine positive developments have raised sentiment towards risky currencies.
The start of the Asian market session saw the New Zealand dollar trade rise after breaking the latest 2 and a half year high against the USD in the previous session.
The positive news that President Donald Trump will sign the US stimulus assistance package proposed by Senate Majority Leader Mitch McConnell has further boosted market sentiment.
Meanwhile, the Aussie dollar also strengthened at a 2-year high in the Asian session today after Australian trade data showing encouraging readings also supported commodity currency trading.
Australia's trade surplus recorded a significant increase of A $ 7.46 billion in October, from A $ 5.82 billion recorded the previous month, as well as far above expectations for an increase of A $ 5.8 billion.
This is the largest trade surplus ever recorded since April, amid growing global demand following more countries reopening from the closure of Covid-19.
Australian exports reportedly jumped 5% to A $ 35.72 billion, while imports increased 1% to A $ 28.26 billion.
