Category: Forex News

Australian January exports +1.6% m/m (prior +1.8%) & Imports +1.3% (prior +4.8%)

Australia’s January trade balance has blown past December’s but missed expectations.

Exports and imports both rose, but imports did so slower than they did in December.

Slower imports is usually read as not a positive for the economy (if the economy was booming Australian’s would be buying more yummp imports).

AUD is barely changed.

This article was written by Eamonn Sheridan at www.forexlive.com.


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