The current account deficit, seasonally adjusted, increased $636m (4%) to $15,535m in the June quarter 2016. The deficit on the balance on goods and services decreased $652m (8%) to $7,996m. The net primary income deficit increased $1,351m (23%) to $7,160m.
In seasonally adjusted chain volume terms, the surplus on goods and services decreased $999m (8%) from $11,796m in the March quarter 2016 to $10,797m in the June quarter 2016. This is expected to detract 0.2 percentage points from growth in the June quarter 2016 volume measure of GDP.
Aussie is currently being traded around 0.7580 area. Pair is likely to find support around 0.7550 and resistance above 0.7650 area.
UK still likely to leave the EU with a negotiated agreement, says Number 10
Sentix Investors Confidence rose to 14.7 in August
German factory orders -4.0% seasonally adjusted on the previous month
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
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