ANZ analysts notes that Australia’s monthly trade balance continued to show strength, coming in at a AUD7,268m surplus. Key Quotes “Underlying this was a 2.9% m/m increase in imports, offset to some extent by a 0.6% m/m gain for exports.” “Resource exports grew, up 0.9% m/m in July. However, excluding gold, resources were down 3.6% m/m. The decline was largely driven by coal exports, which declined 9.4% for the month. Rural goods and manufacturing exports declined 1.1% and 1.4% respectively.” “Capital goods imports were down 1.4% m/m, reflecting weakness in civil aircraft imports, which fell 35.8% in July, continuing the 45.8% m/m decline in June. Intermediate goods imports were up 5.1% m/m, led by fuel imports, which increased 13.7% m/m. The pick-up in imports likely reflects the recovery in oil prices in July after the lows in June. Consumption goods imports were up 4.5% m/m after falling 5.1% in June. Car imports, which rose 14.3% m/m, were a significant contributor.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD: Large divergence of the daily RSI – Commerzbank FX Street 4 years ANZ analysts notes that Australia's monthly trade balance continued to show strength, coming in at a AUD7,268m surplus. Key Quotes "Underlying this was a 2.9% m/m increase in imports, offset to some extent by a 0.6% m/m gain for exports." "Resource exports grew, up 0.9% m/m in July. However, excluding gold, resources were down 3.6% m/m. The decline was largely driven by coal exports, which declined 9.4% for the month. Rural goods and manufacturing exports declined 1.1% and 1.4% respectively." "Capital goods imports were down 1.4% m/m, reflecting weakness in civil aircraft imports, which fell 35.8% in July, continuing the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
