Australian trade balance for October comes in at a 2.316bn AUD surplus
- expected AUD +3bn, prior AUD 3.017bn
- exports up 1% m/m
- imports +3% m/m
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The AUD is a touch lower on the session, not being driven by the data but by continued simmering of trade tensions (two way news on this though) and other moves:
- Recap of the ES move (sharply lower on Globex reopen, intervention, then bounce)
- Senior Chinese diplomat says that Xi-Trump talks at G20 were friendly and candid
- CME says it intervened to prevent 'even harder' falls on equity futures
- Canada has arrested Huawei's global chief financial officer
- Canada arrests Huawei's chief financial officer for extradition to US
