2014.06.1006:41:54UTC+00Aussie climbs on Chinese data

The Australian dollar climbed as an upbeat signs for the Chinese economy boosted the demand for the currency.

On Tuesday, Aussie was trading at 93.55 US cents, up from 93.37 cents Friday, prior to the Queen's Birthday holiday.

Official figures last weekend showed China's trade surplus in May was bigger than anticipated, a cue its economy might not be as frail as recent data had implied.

The People's Bank of China cut down the reserve requirement ratio (RRR), the amount of cash the commercial banks must hold in reserve, in an endeavor to encourage banks to lend more.

National Australia Bank Senior Economist David de Garis said Chinese central bank's move bolstered positivity about the country's economy, which also helped the Australian economy.

National Australia Bank senior economist David de Garis said the move by the Chinese central bank boosted optimism about the Chinese economy, which also helps the Australian economy.

"It's designed to provide reasonable and appropriate growth of money, credit and aggregate financing to promote stable economic operations," Garis added.

On Tuesday, the ANZ will release its job ads report and NAB will release its business conference survey, both for May.