Aussie Trade Balance supports AUD/USD, but US CPI eyed

The trade balance released by the Australian Bureau of Statistics has been released as follows:

• Australia November balance goods/svcs A$+13,201 mln, s/adj (Reuters poll: A$+10,500 mln).
•  November goods/services exports 0 pct MoM, seasonally adjusted.
•  November goods/services imports -1 pct MoM, seasonally adjusted.
• More to come...

The data seems to have supported AUD/USD following a series of positive data from the prior session. AUD/USD is up 0.22% to a session high of 0.6920 so far.

However, eyes are on the US Consumer Price Index.

More to come...

About the Aussie Trade Balance

The trade balance released by the Australian Bureau of Statistics is the difference in the value of its imports and exports of Australian goods. Export data can give an important reflection of Australian growth, while imports provide an indication of domestic demand. Trade Balance gives an early indication of the net export performance. If a steady demand in exchange for Australian exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the AUD.