Australian December trade surplus comes in at AUD5085mn, below estimate of AUD7000mn | Forexlive
Australian Trade Balance (MoM) (Dec)
5,085mn
- expected 7,000mn, prior 6,792mn
Imports (MoM) (Dec) +5.9%
- prior +1.4%
- surge in imports of capital equipment, oil products and consumption goods
Exports (MoM) (Dec) +1.1%
- prior +4.2%
- gains in iron ore exports
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AUD down a few tics only:
AUD is being around on global developments more than on local data at present.