- Analytics
- News and Tools
- Market News
- Aussie Trade Balance beats expectations, supports AUD
Aussie Trade Balance beats expectations, supports AUD
Australia's Trade Balance has been released as follows:
For March 2022, the data beat the expected 8500m surplus with a surplus of 9,314mn AUD vs. the prior 7457m surplus. Exports 0% MoM vs. the expected 2.9%, prior 0%.
Imports -5% MoM vs. the expected -4.5%, prior 12%.
AUD/USD is a touch firmer on the release.
-
AUD/USD Price Analysis: Weekly resistance capping the Fed-led rally
About Aussie 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.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
