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Australian Dollar Mostly Soft Despite Better-Than-Expected Trade Balance

September 6, 2018 at 13:03 by Vladimir Vyun

Australian dollar billsThe Australian dollar was mixed-to-lower today despite domestic macroeconomic data that showed a better-than-expected trade balance.

The Australian Bureau of Statistics reported that the trade surplus decreased to A$1.55 billion in July from A$1.94 billion in June. Despite the decrease, the actual reading was better than the median forecast of A$1.46 billion. Yet the Aussie did not react to the report, and analysts explained that by risk aversion on the Forex market.

AUD/USD rallied from 0.7183 to 0.7203 as of 12:54 GMT today. AUD/CHF edged down from 0.6986 to 0.6976, touching the low of 0.6954 intraday.

If you have any questions, comments, or opinions regarding the Australian Dollar, feel free to post them using the commentary form below.

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