AUD/USD Trend
The August trade balance in Australia was 15077 million dollars, compared to a projection of 10650 million dollars and previous readouts of 12117 million dollars. Exports slowed to 4% for the month, while imports fell to-1.0%, compared to +5.0% and +3.0% respectively in the previous month. It's important mentioning that the September ANZ Job Advertisement became new data to be released. The same fell below -2.5 percent prior and +0.7 percent market consensus to -2.8 percent, putting further downward pressure on the AUD/USD exchange rate. Around 03:30 AM GMT, the Reserve Bank of Australia (RBA) will release the latest monetary policy meeting and Interest Rate Decision, as it does every first Tuesday of the month.
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