Andrew Hanlan, analyst at Westpac, notes that Australia’s Trade Surplus has begun descent from record high with moderating commodity prices. Key Quotes “In August, Australia’s trade surplus came in at a still elevated $5.9bn.” “That result, which was broadly as anticipated, was a moderation from a $7.3bn outcome in July and a record high of $7.9bn in June.” “A key driver of recent movements in the trade balance was the spike in the iron ore price associated with temporary supply disruptions from Brazil.” “Export earnings declined by 3.4% in August, down $1.5bn, meeting our expectations.” “Imports were a little softer than we anticipated, slipping by 0.4% (vs a forecast rise of 0.6%).” 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 USD/INR technical analysis: 21-day SMA, 1-month-old falling trendline limit immediate rise FX Street 3 years Andrew Hanlan, analyst at Westpac, notes that Australia's Trade Surplus has begun descent from record high with moderating commodity prices. Key Quotes "In August, Australia's trade surplus came in at a still elevated $5.9bn." "That result, which was broadly as anticipated, was a moderation from a $7.3bn outcome in July and a record high of $7.9bn in June." "A key driver of recent movements in the trade balance was the spike in the iron ore price associated with temporary supply disruptions from Brazil." "Export earnings declined by 3.4% in August, down $1.5bn, meeting our expectations." "Imports were a little softer… 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.
