Australian Dollar Steady Despite Strong China Trade Balance Data

The Australian Dollar (AUD) is holding steady against major peers during Tuesday's Asian session, with the AUD/USD pair hovering around 0.7050. The currency shows little reaction to stronger-than-expected Chinese Trade Balance data for May, as market participants await further catalysts.

China's trade surplus for May exceeded forecasts, but the Aussie remains range-bound, suggesting that the bullish impact of improved trade figures may already be priced in. Traders are now focusing on upcoming domestic and US economic data for clearer direction.