- Analytics
- News and Tools
- Market News
- Australia Trade Surplus eases in July, AUD/USD remains pressured around 0.6380
Australia Trade Surplus eases in July, AUD/USD remains pressured around 0.6380
According to the latest Aussie foreign trade data published by the Australian Bureau of Statistics, Australia’s trade surplus shrinks to 8,039M versus 10,000 expected and 11,321M prior.
Further details reveal that Australia July Goods/Services Exports reprint -2.0% figures on a monthly basis.
That said, the country’s July Goods/Services Imports rose 3% MoM vs. -4.0% booked in June.
AUD/USD remains pressured
AUD/USD remains on the back foot around 0.6380 while fading the late Wednesday’s corrective bounce off the yearly low.
Also read: AUD/USD stays defensive near yearly low beneath 0.6400, Australia/China trade data, RBA’s Lowe eyed
About Australia 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
