Australia’s trade surplus widened to 6,009M MoM in July versus 5,150M expected and 5,589M in the previous reading, according to the latest Aussie foreign trade data published by the Australian Bureau of Statistics on Thursday.
Australia ’strade surplus widened to 6,009M MoM in July versus 5,150M expected and 5,589M in the previous reading, according to the latest Aussie foreign trade data published by the Australia n Bureau of Statistics on Thursday. Further details reveal that Australia 'sMay Goods/Services Exports reprint 0.7% figures on a monthly basis versus 1.7% prior. Thenation’sGoods/Services Imports declined 0.8% in July MoM versus 0.5% prior.
The RBA can also use quantitative easing and tightening to influence credit conditions, with the former AUD-negative and the latter AUD-positive. How does the health of the Chinese Economy impact the Australian Dollar? China is Australia’s largest trading partner so the health of the Chinese economy is a major influence on the value of the Australian Dollar .
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