Analysts at TD Securities note that the Australia’s trade surplus for July staged a small drop to A$7.268b from A$7.977b in June, the outcome essentially in line with expectations. Key Quotes “Exports rose 1%, thanks to a +0.5% rise in service exports, offsetting partially some of the declines in iron ore exports -0.8% and 9% drop in coal exports.” “Import values rose 2.9%/m, driven in part by higher consumption goods. The first print for the 3rd quarter suggests net trade should add to Q3 GDP, but is unlikely to exceed the 0.6%pt contribution to Q2 GDP seen earlier this week.” 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 AUD/USD rebound expected to move near 0.6830 – UOB FX Street 4 years Analysts at TD Securities note that the Australia's trade surplus for July staged a small drop to A$7.268b from A$7.977b in June, the outcome essentially in line with expectations. Key Quotes "Exports rose 1%, thanks to a +0.5% rise in service exports, offsetting partially some of the declines in iron ore exports -0.8% and 9% drop in coal exports." "Import values rose 2.9%/m, driven in part by higher consumption goods. The first print for the 3rd quarter suggests net trade should add to Q3 GDP, but is unlikely to exceed the 0.6%pt contribution to Q2 GDP seen earlier this week." 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.
