Today the Australian trade of Balance report was published vis-à-vis the changes in the balance of goods and services in July 2011.
According to the July report, the seasonally adjusted surplus in balance of goods and services slightly rose by $9 million from a surplus of $1,817 million June 2011 to $1,826 million in July 2011.
The exports (seasonally adjusted) of goods and services slightly fell from $26,326 million in June to $26,102 million in July – a $224 million drop;
The imports (seasonally adjusted) of goods and services slightly decreased from $24,508 million in June to $24,276 million in July– i.e. a $272 million drop.
Despite the news of the growth in surplus of Australia’s trade balance, the AUD has been trading down throughout the day mainly as the USD is traded up against major currencies.
Euros to USD is currently traded down at 1.3679 a 0.1657 % increase as of 21:57*.
USD to Canadian Dollar exchange rate is traded up at 0.9926 a 0.4129% increase as of 21:57*.
AUD to USD exchange rate is traded down at 1.0344 a 1.2124% decrease as of 21:57*.
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