As per the Australian Bureau of Statistics report, June month trade grew 8,036M versus 6,000M expectations. Details suggest Exports weakening to 1.0% from 4.0% prior while imports declining to -4.0% versus +1.0% earlier. In reaction to the data, AUD/USD surged to 0.6786 after the publish. Key points from the report are as follows: Balance on goods and services In trend terms, the balance on goods and services was a surplus of $7,032m in June 2019, an increase of $355m on the surplus in May 2019. In seasonally adjusted terms, the balance on goods and services was a surplus of $8,036m in June 2019, an increase of ... (full story)