Wednesday, August 4, 2010

Australia: Trade balance reaches a surplus of $3,539m in June 2010


Forex Special Córdoba) - The balance on goods and services was a surplus of $3,539m in June 2010, an increase of $1,714m on the revised surplus in May 2010. This surplus overpasses expectations of a 1,810 m.

The Australian dollar rose immediately after the release as the house price index also performed above expectations. AUD/USD rose from the 0.9115 zone toward 0.9140. AUD/JPY jumped to 78.15 despite Yen' strength. EUR/AUD fell over 25 pips and reached 1.4470.

Trade Balance

3.50B
Actual
1.81B
Consensus

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