India, June 9 -- The Australian dollar strengthened against other major currencies in the Asian session on Monday, as traders will be closely watching the US-China trade discussions because they will impact the next move in the Australian Dollar (AUD).
Data from the customs office showed that China's exports increased in May, while imports declined from the last year due to weak domestic demand. Exports grew 4.8 percent on a yearly basis in May. This followed an 8.1 percent increase in April and also came in weaker than economists' forecast of 5.0 percent.
Meanwhile, imports declined by more-than-expected 3.4 percent from the previous year. Imports were forecast to drop 0.9 percent.
As a result, the trade surplus rose to $103.2 billion i...