China's trade balance released earlier today showed that growth bounced back at a modest pace in August. China's trade balance increased $60.3 billion above the median estimates of $46.9 billion but remained soft from the $60.2 billion seen previously. The rebound in trade balance is expected to remain low with the export orders in September PMI showing a print of 47.9 in September, posting the second lowest reading in nearly 31 months. In early trading, the Asian equity markets were lower pointing to a possible risk aversion mood setting in. The Australian dollar, alongside the Kiwi and the dollar from Canada were all trending weaker, losing on average -0.50% to the Greenback with the Japanese Yen surging 0.13%. AUDUSD retreated off the near 7-week highs of 0.737 to trade near the lows of 0.731.