Australian trade balance data beats estimates, coming in at a surplus of 825m AUD
- expected +725m AUD
- prior +952m AUD, revised from +1055m AUD
Both export and imports of goods & services for the month are showing 0% change (m/m).
LNG (gas) exports a big contributor, and as new projects completed come on line (this will be very soon) this contricution is set to increase markedly.
A decent result, AUD showing little response, but off its session lows.
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For background on this, check out the previews posted earlier:
- Preview of the data due from Australia today- February trade balance
- Another preview of the data due from Australia today- February trade balance
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And for AUD levels, this posted earlier also: