Australia’s trade surplus narrowed to 5,024M MoM in April versus 7,370M expected and 7,280M in the previous reading, according to the latest Aussie foreign trade data published by the Australian Bureau of Statistics on Thursday.
Australia ’strade surplus narrowed to 5,024M MoM in April versus 7,370M expected and 7,280M in the previous reading, according to the latest Aussie foreign trade data published by the Australia n Bureau of Statistics on Thursday. Further details reveal that Australia 'sMarch Goods/Services Exports reprint 0.1% figures on a monthly basis versus -2.2 prior. Thenation’sGoods/Services Imports grew 4.2% in April MoM versus 4.8% prior. Market reaction At the press time,the AUD/USD pairis down 0.
The RBA can also use quantitative easing and tightening to influence credit conditions, with the former AUD-negative and the latter AUD-positive. How does the health of the Chinese Economy impact the Australian Dollar? China is Australia’s largest trading partner so the health of the Chinese economy is a major influence on the value of the Australian Dollar .
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