AUD/USD Trading Higher, Auto Sales Rise

AUD/USD is trading at 0.7645, up 0.0052. The pair is trading choppy and at the highs of the session. Market talk about global headline news and Australian economic data is making the rounds. The Australian Bureau of Statistics reported that new motor vehicle sales rose 3.1 percent in June versus a decline of 1.0 percent in May. The increase in sales was seen in all categories. Passenger vehicle sales rose 6.3 percent, other vehicles rose 1.4 percent and sport utility vehicles rose 0.5 percent. Year over year motor vehicle sales rose 2.1 percent versus a year over year rise of 1.8 percent in May. Chatter about regional growth is starting to show up. China's National Bureau of Statistics is scheduled to release gross domestic product (GDP) this evening.