Australian Trade Balance for August is a surplus of A$8.324bn
- expected A$10.0bn, prior A$8.733bn
Exports +2.6% m.m
- expected + 2%, prior -9.9%
Imports +4.5% m/m
- expected -1%, prior +5.2%
- consumption goods featuring in the strong numbers, a sign of solid domestic demand in the economy
AUD/USD is little changed on the data. Its been gaining, the weaker USD on the session so far impacting other majors pretty much across the board.
