Aussie Trade Balance leaves AUD/USD unchanged

The trade balance released by the Australian Bureau of Statistics is out as follows:

•  11688M vs. exp 12250M; prev 12237M.
• Exports +1% MoM prior -1%.
• Imports +5% MoM vs. the prior +1%.

AUD/USD update

Unchanged at 0.6730 and flat on the day ahead of the RBA. 

More to come...

About the Trade Balance

The trade balance released by the Australian Bureau of Statistics is the difference in the value of its imports and exports of Australian goods. Export data can give an important reflection of Australian growth, while imports provide an indication of domestic demand. Trade Balance gives an early indication of the net export performance. If a steady demand in exchange for Australian exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the AUD.