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Australian Trade Balance deficit narrowed in May

Thursday, Jul 02 2015
In seasonally adjusted terms, the Australian balance on goods and services was a deficit of $2.75 billion in May 2015, a decrease of $1.38 billion (33%) on the deficit in April 2015. Analysts were anticipating larger decrease to $2.21 billion. Goods and services credits rose $206m (1%) to $25,528m. Non-rural goods rose $313m (2%) and rural goods rose $164m (4%). Non-monetary gold fell $286m (26%). Net exports of goods under merchanting remained steady at $32m. Services credits rose $16m. 
 
Goods and services credits rose $206m (1%) to $25,528m. Non-rural goods rose $313m (2%) and rural goods rose $164m (4%). Non-monetary gold fell $286m (26%). Net exports of goods under merchanting remained steady at $32m. Services credits rose $16m. goods and services debits fell $1,179m (4%) to $28,279m. Capital goods fell $1,065m (18%), intermediate and other merchandise goods fell $113m (1%) and consumption goods fell $28m. Non-monetary gold rose $89m (31%). Services debits fell $61m (1%).
 
After the data Aussie fell, but managed to rebound in the course of the session and is currently being traded around 0.7650 area. Pair is likely to find support around 0.76 handle and resistance above 0.77 level. Later today, in the US session, NFP and Unemployment Claims figures are scheduled for a release.
More in this category: « Private sector added 237,000 jobs in June Number of unemployed in Spain decreased by 94,727 »

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