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AUD/USD Targets a Return to $0.66 Despite Weak Trade Data
It was a quiet start to the Asian session for the AUD/USD and NZD/USD pairs. The Australian economy was in the spotlight, with trade data providing the AUD/USD direction. In August, Australia’s trade surplus narrowed from A$8.733 billion to A$8.324 billion. Economists forecast a A$10.100 billion surplus. According to the ABS, Goods and services exports rose A$1,434 million (2.6%), fueled by coal, coke, and briquettes. Imports of goods and services increased by A$2,077 million (4.5%), driven by fuels and lubricants. Following this week’s RBA and RBNZ monetary policy decisions, the focus returns to the Fed. The ... (full story)
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- Posted: Oct 5, 2022 10:36pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 721
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