Aussie Trade Balance supports AUD/USD, but US CPI eyed – by fx_ross Australia AUDUSD
is the difference in the value of its imports and exports of Australian goods. Export data can give an important reflection of Australian growth, while imports provide an indication of domestic demand. Trade Balance gives an early indication of the net export performance. If a steady demand in exchange for Australian exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the AUD.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AUD/USD dribbles around 0.6900 as traders await Aussie Trade Balance, China InflationAUD/USD dribbles around 0.6900 as traders await Aussie Trade Balance, China Inflation – by anilpanchal7 AUDUSD TradeBalance CPI Inflation RiskAppetite
Read more »
AUD/USD Price Analysis: Bears move in on key 0.6905 support structureAUD/USD is under pressure in Asia and is taking on a key structure as shown by the technical analysts below. First, taking a quick glance at the AUD/U
Read more »
AUD/USD Price Analysis: Stays defensive around 0.6900 inside bullish channelAUD/USD Price Analysis: Stays defensive around 0.6900 inside bullish channel AUDUSD Technical Analysis SwingTrading ChartPatterns SupportResistance
Read more »
AUD/USD remains confined in a range around 0.6900 mark, Powell’s speech awaitedThe AUD/USD pair lacks any directional bias on Tuesday and consolidates its recent gains to the highest level since late August, around mid-0.6900s to
Read more »
AUD/USD Forex Signal: More Upside as Rally StallsThe AUD/USD exchange rate rose to the highest level since August 31 as China continued reopening.
Read more »
AUD/USD Price Analysis: Corrects from multi-month peak, bullish potential intactThe AUD/USD pair comes under some selling pressure on Tuesday and moves further away from its highest level since late August, around the 0.6945 area
Read more »