Australian and New Zealand dollars rise

The Australian and New Zealand dollars rose on Wednesday after strong Chinese imports data pointed to solid demand for the countries' resources, lifting both currencies to multi-decade highs in trade-weighted terms. Chinese imports from Australia were the highest in eight months in March having climbed 18.4 percent on a year earlier, a boon for export earnings.
The reading sent the Aussie as far as $1.0518, its highest in nearly three months. The Aussie was last at $1.0509, from $1.0484 early, with traders quoting heavy option resistance around $1.0520. The New Zealand dollar was strong at $0.8530, a whisker away from an 18-month peak of $0.8538 touched overnight.