Australian Trade Balance misses the mark, AUD/USD pops and drops – by fx_ross Australia AUDUSD
Australia's August exports +3% Mom vs. the prior -9.9% & imports +4% vs. the prior +5.2%.However, the head and shoulders is a bullish prospect.This 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.
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