- Prior was +602m
- Expected is +100m
Past results:
Exports are expected to show a rise, but offset by a rise in imports
I am not expecting much impact from this data point, unless it shows a dramatically worse than expected trade deficit, in which case talk of RBA rate cuts will reignite and the AUD could come under pressure. I think that is not likely, though. I’ll also be watching for revisions to the June data.