Australian Trade Balance
The markets traded off their session highs on the worse than expected August Trade Balance release, coming in at -1524 million versus the estimate of -900M. The prior release was also revised lower from -1556M to -1783M. Australian imports fell 3% and exports fell 2% in August. The back dated release has evoked a minimal reaction from the Aussie as everyone awaits the RBA’s rate decision at 11:30pm est.
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Australian Trade Balance
The markets traded off their session highs on the worse than expected August Trade Balance release, coming in at -1524 million versus the estimate of -900M. The prior release was also revised lower from -1556M to -1783M. Australian imports fell 3% and exports fell 2% in August. The back dated release has evoked a minimal reaction from the Aussie as everyone awaits the RBA’s rate decision at 11:30pm est.
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Original post by Forex News and Commentary by FXDD
Comment if you a human connect with us.Don't forget to subcribe with us!
Australian Trade Balance
The markets traded off their session highs on the worse than expected August Trade Balance release, coming in at -1524 million versus the estimate of -900M. The prior release was also revised lower from -1556M to -1783M. Australian imports fell 3% and exports fell 2% in August. The back dated release has evoked a minimal reaction from the Aussie as everyone awaits the RBA’s rate decision at 11:30pm est.
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