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Australian Dollar Falls as Australian Trade Surplus Falls

2018-09-06 07:43 am | Resource: News | No Views : 220



 The Australian dollar fell against its major counterparts in Asian trading on Wednesday, after data showed Australia's trade surplus fell in July.

The trade surplus fell to A $ 1.55 billion in July from A $ 1.94 billion in June, data from the Australian Bureau of Statistics showed. However, this was higher than expected at A $ 1.45 billion. Data showed that exports fell 1% from the previous month, while imports remained broadly unchanged in July.

 Global trade tensions and emerging market concerns.

The news that US President Donald Trump plans to impose customs duties on Chinese imports worth another $ 200 billion as soon as the public comment period ends on Thursday also affected investor sentiment.

Canadian Foreign Minister Christia Freeland said the United States and Canada were making "good progress" in amending the North American trade pact, but talks would continue to resolve the remaining issues. Canadian Prime Minister Justin Trudeau said earlier that the NAFTA would not be better It's a bad deal for Canada. He added that he would not support anything contrary to the interests of the country, stressing that any future agreement must include Chapter 19 of the original Convention. The chapter deals with the rules of trade and exports, as well as the dispute mechanism that provides bilateral panels for trade-related disputes.
  • The Australian dollar fell to 0.7166 against the dollar, from a high of 0.7211 at 02:45 GMT.
  • The Australian dollar reversed its early high at 80.28 against the yen, heading towards 79.80.
  • After rising to 0.9494 against the Canadian dollar at 5:45 GMT, the Australian dollar reversed the trend to retreat to 0.9450.
  • The Australian dollar fell to a 2-1 / 2 year low of 1.6221 against the euro and remained steady thereafter.
  • The Australian dollar fell to a 3-day low of 1.0883 against the New Zealand dollar early in the session and then stabilized. In yesterday's close, the pair was worth 1.0908.


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Best Opportunities, Vision and Technical Analysis for the USD/JPY pair 17 April 2019

We offer you the analysis of the US dollar against the Japanese Yen on Wednesday, April 17, 2019 with the most important expectations for the dollar against the Japanese yen on the market. Time frame Used - four hours The USD/JPY is moving in a bullish direction in the near term. USD/JPY is still facing resistance and selling pressure around 112.10 as the USD-JPY closed yesterday's session down below 112.00…

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