Australian dollar dips on negative trade balance

Australian dollar dips on negative trade balance

On Friday, the Australian dollar went down versus its key rivals following the publication of November’s trade balance figures. The data showed A$628m deficit, surpassing analyst hopes for an A$550m surplus. Last month’s trade balance figures were also updated lower from an A$105m surplus to an outcome of A$302m.

The trade balance data posted minor change in exports from the previous month, while imports tacked on 1%. Local bond yields edged down along with the Australian dollar, probably due to the worse than anticipated data as well as the downward revision in last month’s trade balance data. Today’s price action emerged after a 13-day soar in the currency pair AUD/USD.

With the revision in mind, the report points to 2 months of negative trade balance performance that hasn’t taken place since October of 2016. Apparently, the Reserve Bank of Australia isn’t set to have a meeting this month, although it will have its first policy gathering of this year on February 7.



Greenback dives to day’s minimums versus yen

On Tuesday, the evergreen buck went down to the day’s minimums versus the Japanese yen, reversing earlier revenues, which emerged right after the head of the BOJ told it remained committed to today’s monetary easing and the bank wasn’t braced for scaling…


Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

promotions you can be interested in

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

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