02/04/2012 23:04 AST

The safe-haven yen eased on Monday, while the Australian dollar jumped after surprisingly strong Chinese factory activity data eased fears about a hard landing in the world's second biggest economy.

The Australian dollar rose 0.5 percent to $1.0400 having peaked at $1.0470 after a report on Sunday showed activity at big Chinese factories hit an 11-month high in March.

"This is now three months of trend improvement, and is good news for the AUD and commodity currencies in general," said Annette Beacher, head of Asia Pacific research at TDSecurities.

Against the yen, the Aussie climbed to 86.44, pulling well away from last week's trough around 84.60.

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Reuters

Ticker Price Volume
SABIC 98.36 2,678,948
QNBK 123.29 21,021
RJHI 64.70 2,278,806
SAMBA 22.58 503,154
ALMARAI 57.00 297,165
TAWUNIYA 97.04 165,611
PETRORABIGH 13.62 1,724,546
US Dollar 1.00
Saudi Riyal 3.75
Derham Emirati 3.67
Qatari Riyal 3.75
Kuwaiti Dinar 0.30
Bahraini Dinar 0.38
Omani Riyal 0.39
Euro 0.84
British Pound 0.76
Japanese Yen 109.79
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