Australian Trade Balance deficit rose to $3.3 billion
In trend terms, the balance on goods and services was a deficit of $2,684m in October 2015, a decrease of $106m (4%) on the deficit in September 2015. In seasonally adjusted terms, the balance on goods and services was a deficit of $3,305m in October 2015, an increase of $902m (38%) on the deficit in September 2015. Smaller increase to $2,600m was expected.
In seasonally adjusted terms, goods and services credits fell $829m (3%) to $26,594m, while goods and services debits rose $74m to $29,900m. Intermediate and other merchandise goods rose $268m (3%) and capital goods rose $243m (4%). Consumption goods fell $349m (4%) and non-monetary gold fell $69m (14%). Services debits fell $20m.
Aussie is currently being traded around 0.7320 area. Pair is likely to find support around 0.7280 handle and resistance above 0.7340 level. Later today, in the US session, Unemployment Claims and Non-Manufacturing PMI figures are scheduled for a release.
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