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Australia Current Account

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Australia Current Account

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Status

 
Latest Release
Sep 03, 2024
Actual
-10.7B
Forecast
-4.5B
Previous
-6.3B
The Current Account index measures the difference in value between exported and imported goods, services and interest payments during the reported month. The goods portion is the same as the monthly Trade Balance figure. Because foreigners must buy the domestic currency to pay for the nation's exports the data can have a sizable affect on the AUD.

A higher than expected reading should be taken as positive/bullish for the AUD, while a lower than expected reading should be taken as negative/bearish for the AUD.
Importance:
Country:
Currency: AUD
Source: Australian Bureau of Statistic...
Australia Current Account
 
Release Date Time Actual Forecast Previous
Dec 02, 2024 (Q3) 19:30     -10.7B
Sep 02, 2024 (Q2) 20:30 -10.7B -4.5B -6.3B
Jun 03, 2024 (Q1) 20:30 -4.9B 5.6B 2.7B
Mar 04, 2024 (Q4) 19:30 11.8B 4.9B 1.3B
Dec 04, 2023 (Q3) 19:30 -0.2B 3.1B 7.8B
Sep 04, 2023 (Q2) 20:30 7.7B 8.0B 12.5B

News

Asia FX rangebound, dollar at 2-mth low amid rate cut watch
Asia FX rangebound, dollar at 2-mth low amid rate cut watch By Investing.com - Jun 04, 2024

Investing.com-- Most Asian currencies kept to a tight range on Tuesday, while the dollar hovered near two-month lows as weak economic readings fed expectations of eventual interest rate cuts by the...

Analysis

Craig Erlam
Rate Hikes Keep Coming By Craig Erlam - Sep 04, 2022

The countdown to the September 13 inflation report begins as investors fixate over a wrath of Fed speak, with special attention going towards Chair Powell’s Thursday discussion on monetary...

Kenny Fisher
Australian Dollar Edges Up, GDP Looms By Kenny Fisher - Jun 01, 2022

The Australian dollar is in calm waters this week, as AUD/USD trades quietly just below the 0.73 level.GDP slows to 0.8%Australia’s Q1 GDP slowed to 0.8% QoQ, after a massive 3.6% QoQ gain in Q4...

Current Account Discussion

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