Australia September trade balance +A$7180 vs +A$5050m expected
September trade balance data from Australia:
- Prior was a surplus of A$5926m (revised to $6617m)
- Imports +3.0% vs 0.0% prior
- Exports +3.0% vs -3.0% prior
A rise in the trade surplus on better imports and exports is the best possible outcome. There was a modest pop in the Australian dollar on the headlines.