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Australian trade balance data due today – another surge for exports expected

June 30, 2021 by admin 0 Comments

Due at 0130 GMT is the Australian trade balance data for May 2021

The preliminary data for this was released in June, it showed the trade surplus hit a record high at A$13.3 billion. Iron ore exports climbed substantially.

The data release today should confirm the record trade surplus. Still-rising commodity prices will give export values a lift. Australia’s #1 export, iron ore, should show both price and volumes higher yet again.

This article was originally published by Forexlive.com. Read the original article here.