Australia's trade surplus reached AUD 5.644bn in August, exceeding forecasts, contributing to economic stability.

Australia's trade surplus in August reached AUD 5.644 billion, exceeding expectations and contributing to economic stability. This figure surpassed forecasts of AUD 5.510 billion and increased from July's revised surplus. Exports and imports both fell by 0.2%. The stronger surplus positively influenced the Australian dollar, with the AUD/USD trading at 0.6870, amidst ongoing challenges in economic recovery and global market fluctuations.

October 03, 2024
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