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Dollar moving, China outlook in focus



  The Japan Currency Group logo is displayed on a glass door on the Tokyo Stock Exchange (TSE) in Tokyo, Japan.

Kiyoshi Ota Bloomberg | Getty Images

The Japan Currency Group logo is displayed on a glass door on the Tokyo Stock Exchange (TSE) in Tokyo, Japan.

Asia-Pacific markets were mostly higher Monday after stronger than expected China data on Friday improved investor confidence.

Equities in Australia fell as the benchmark ASX 200 fell 0.19 percent. Most sectors were traded lower, while the energy supply index was 0.4 percent, and the heavily weighted financial sector added 0.37 percent.

"Stronger than expected China's trading and credit data triggered a risk of flow on Friday," Rodrigo Catril, senior currency strategist at the National Australia Bank, wrote in a morning note.

Customs data showed that China's March export was higher than expected: Dollar-denominated exports rose 14.2 percent this year, topping a 7.3 percent gain forecast, according to a Reuters vote. However, imports were still below expectations, suggesting that domestic demand in the world's second largest economy was weak.


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