Coming up at 0130 GMT - February trade balance data

  • expected surplus of AUD 725m, prior surplus was AUD 1055m

I posted a preview here (via NAB and Wetspac)

ANZ now:

We expect Australia's trade balance to have worsened to a deficit of AUD300m in February.

  • Exports are set to be the key driver of weakness with a fall of 4%. Nonmonetary gold exports are expected to reverse last month's strong gain while port data point to a fall in both iron ore and coal exports.
  • We expect imports to be broadly flat.