Aussie stands still after gloomy trade data, Kiwi jumps

Aussie stands still after gloomy trade data, Kiwi jumps

On Thursday, the Australian dollar was intact versus its US rival, following the publication of dismal Australian trade balance data. Meanwhile, the New Zealand dollar moved up because traders monitored the day’s three potential market movers.

The currency pair AUD/USD didn’t change at 0.7549, which is not far from last session’s six-week peaks of 0.7569.

The Australian Bureau of Statistics previously told that in April the trade surplus dipped to A$0.555 billion from A$3.169 billion in March, whose outcome was revised from a previously assessed surplus of A$3.107 billion.

Financial experts had expected the trade surplus to go down to A$1.950 billion in April.

A separate report disclosed that in May China’s exports grew by an annualized rate of 8.7%, surpassing hopes for a 7.0% ascend, while imports leap 14.8%, thus blowing past projections for a surge of 8.5%.

China appears to be Australia’s number one export partner.

The currency pair NZD/USD grew 0.14%, trading at 0.7205, off a three-month high of 0.7211 reached overnight.

Similar

Latest news

Greenback edges down

On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera