Australian Trade Balance

Written October 5, 2009 at 8:45 PM EST by  

The markets traded off their session highs on the worse than expected August Trade Balance release, coming in at -1524 million versus the estimate of -900M. The prior release was also revised lower from -1556M to -1783M. Australian imports fell 3% and exports fell 2% in August. The back dated release has evoked a minimal reaction from the Aussie as everyone awaits the RBA’s rate decision at 11:30pm est.

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