Trade Balance (AUD) comes in at 1.929B against 0.932B consensus
| Pair | Now | Since publish |
|---|---|---|
| AUDUSD | — | — |
Australia’s Trade Balance for the latest period registered a surplus of 1.929B, significantly exceeding the consensus expectation of 0.932B. This print represents a 107.0% surprise against the forecast. The previous period’s balance was a deficit of -3.018B.
Following the release, AUD pairs showed varied movement over the initial 15 minutes. AUDCAD gained 2.0 pips, while AUDUSD rose by 2.2 pips. AUDCHF saw no change, remaining flat. AUDNZD declined by 3.5 pips, and AUDJPY fell 0.4 pips. Against the Australian dollar, EURAUD dropped 2.8 pips, and GBPAUD decreased by 2.9 pips. These initial movements are relatively small when compared to the typical median 1-hour moves observed after past releases, which include 4 pips for AUDCAD, 5 pips for AUDUSD, 6 pips for AUDNZD, 7 pips for AUDJPY, 9 pips for EURAUD, and 12 pips for GBPAUD.