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AUD/USD: Trading the Australian Trade Balance
The Australian Trade Balance, released each month, measures the difference in exported and imported goods and services. A reading which is higher than the market forecast is bullish for the Australian dollar. Here are all the details, and 5 possible outcomes for AUD/USD. Published on Tuesday at 1:30 GMT. Indicator Background Analysts consider Trade Balance a key economic indicator, and the release of the Australian Trade Balance can affect the direction of AUD/USD. A stronger trade balance is bullish for the aussie, since foreigners are purchasing more Australian dollars to pay for Australian goods. The April reading ... (full story)
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