AUD/USD rally fizzles after a slight decline in China imports

The AUD/USD pair eased slightly today as traders reflected on the stronger US dollar, China trade numbers, and the economic outlook information from the RBA. The pair is trading at 0.7205, which is slightly below yesterday’s high of 0.7240. China exports rebound The AUD/USD pair tends to react significantly to data from China. That is because of the vast amount of trade the two countries do. According to Australia’s trade agency, the two countries’ trade volume is more than $235 billion. In 2019, Australia exported goods worth more than $153 billion to China and imported goods worth more than $82