Australian trade deficit much worse-than-expected

FXstreet.com (Barcelona) - Australian Trade Balance (Jul) came at -765M vs 110M exp and 602M last. Exports (Jul) stood at 0% vs -1% last, while Imports (Jul) were 4% vs -2% last. Westpac had anticipated the possible deficit just ahead of the release, noting "the run of 5 consecutive surpluses was likely to be broken."

Sep 5, 2013

Australia Imports up to 4% in July from -2%

AUD/USD little changed after Aus trade balance

The AUD/USD foreign exchange rate is last quoted at 0.9167 off NY session fresh 1-month highs at 0.9186, little changed for the current session after wider than previous Australian trade balance, showing a 4% increase in import, while flat on exports.