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Forex News Preview: September 3rd, 2008 Asian Session

Posted by Basil Fayad on Wed, 09/03/2008 - 4:47pm in

Forecast at 0.1B  Previous 0.4B

Difference in value between imported and exported goods and services during the reported month.  Released monthly and if actual number is greater than forecast it usually means a positive outlook for AUD.  (More goods and services are exported than imported).  If more goods and services are being exported it means that there is a higher demand for the currency (more buying) which raises price.

 

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