Australian Trade Surplus narrows to 11,158M MoM in April vs. 14,000M expected

Dhwani Mehta FXStreet

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.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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