Trade balance is very low through out the yr end,it may fall the aussie $ to flip ?
Australia International Trade in Goods and Services Nov 2017
BALANCE ON GOODS AND SERVICES In trend terms, the balance on goods and services was a deficit of $194m in November 2017, a turnaround of $296m on the surplus in October 2017. In seasonally adjusted terms, the balance on goods and services was a deficit of $628m in November 2017, an increase of $326m on the deficit in October 2017. EXPORTS OF GOODS AND SERVICES Between October and November 2017, the trend estimate of goods and services credits fell $103m to $31,852m. In seasonally adjusted terms, goods and services credits rose $141m to $31,853m. Non-rural goods rose $394m (2%) and rural goods rose $25m (1%). ... (full story)
Added at 7:47pm
Aussie Down As Trade Balance Comes In At Surprise Deficit, US Jobs Ahead
The Aussie dipped in Asia on Friday after disappointing trade balance figures with the big focus of the day on US nonfarm payrolls with analysts forecasting a gain of 190,000 jobs. AUD/USD traded down 0.11% to 0.7855, while USD/JPY changed hands at 112.76, up 0.01%. Australia reported its trade balance for November as a surprise deficit of A$628 million, compared with an A$550 million surplus seen. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was last quoted down 0.32% to 91.60. Overnight, the dollar continued to languish at there-month lows ... (full story)