Andrew Hanlan, Research Analyst at Westpac, notes that the Australian trade surplus widened to $3.0bn in September, well above expectations (market median and Westpac $1.7bn). Key Quotes “History was revised, as often occurs in the final month of the quarter, ahead of the balance of payments.” “August was upgraded to a surplus of $2.3bn, previously reported as a surplus of $1.6bn.” “In September, the key surprise was a drop in imports.” “Imports fell by 1.1%, led lower by a pull-back in capital goods. We had expected a modest rise in imports on higher prices associated with the lower Australian dollar.” “Exports advanced by 0.8% in the month, broadly as anticipated. Gains were in metal ores and fuels, benefitting from higher global energy prices and higher iron ore prices.” “Turning the focus to quarterly developments, the trade surplus widened to $6.4bn in Q3, up from $4.2bn in Q2, a $2.2bn improvement (note, these estimates are on a balance of payments basis).” 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: Put value drops sharply on Brexit optimism FX Street 4 years Andrew Hanlan, Research Analyst at Westpac, notes that the Australian trade surplus widened to $3.0bn in September, well above expectations (market median and Westpac $1.7bn). Key Quotes "History was revised, as often occurs in the final month of the quarter, ahead of the balance of payments." "August was upgraded to a surplus of $2.3bn, previously reported as a surplus of $1.6bn." "In September, the key surprise was a drop in imports." "Imports fell by 1.1%, led lower by a pull-back in capital goods. We had expected a modest rise in imports on higher prices associated with the lower Australian dollar."… 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.
