Australian Trade Surplus narrows to 11,158M MoM in April vs. 14,000M expected
|According to the latest data published by the Australian Bureau of Statistics, Australia’s trade surplus shrank more than expected in April.
The April Goods/Services Trade Balance came in at 11,158M MoM, compared with the exepctations of 14,000M and 15,269M prior.
Australia April Goods/Services Exports dropped 5.0% on a monthly and seasonally adjusted vs. 2.0% previous.
The country’s April Goods/Services Imports rose 2% MoM and seasonally adjusted vs. 2.0% booked in March.
Market reaction
AUD/USD has paused its upside on the discouraging Australian trade figures. The spot is trading 0.16% higher at 0.6663, at the press time.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.