Australia Posts A$1.79 Billion April Goods Surplus as Exports Jump 7.2%
Updated
Updated · eFXdata · Jun 4
Australia Posts A$1.79 Billion April Goods Surplus as Exports Jump 7.2%
3 articles · Updated · eFXdata · Jun 4
Summary
A$1.79 billion marked Australia’s April goods surplus, a sharp turnaround from March’s A$1.0 billion deficit and broadly in line with forecasts.
Exports rose 7.2% month on month, with resource shipments rebounding after earlier weather disruptions; imports increased 0.8%, including a 41% jump in fuel.
AUD/USD edged up 0.1% to trade in a subdued 0.7126-0.71375 Asian range, with traders focused on the trade data but still constrained by broader risk aversion.
Iran war re-escalation and scepticism over a reported Lebanon-Israel ceasefire kept sentiment cautious, while the stronger dollar left the Aussie stuck in a 0.7080-0.7200 band without a fresh catalyst.