Thursday, September 4, 2014

Australian trade deficit narrows

The trade balance deficit narrowed to -$1.3 billion, beating estimates of -$1.77 billion and a pleasant improvement from last month`s -$1.56 billion.



The report in depth is available here.

Retail sales met estimates at 0.4%, dropping from 0.6% last month.

Overall this has set a bullish tone for the AUD/USD pair. The additional upwards jump now is due to the weak US data.


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