AUD: Trade deficit was better than the market’s forecast - TDS

Research Team at TDS, notes that the Australia’s August trade deficit was better than the market’s forecast at -A$2b (Mkt at -A$2.3b), but was in-line with TD’s forecast.

Key Quotes

“With exports and imports essentially unchanged in August the better result was largely due to the positive revision to July’s deficit.  The positive to emerge from today’s release was the firm print for commodity exports. Rising coal prices and LNG exports are likely to add to net exports over coming months.”