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Australia’s Trade Surplus widens to 6,548M MoM in May vs. 5,500M expected

2024-06-21FXStreetFXStreet
Australia’s trade surplus widens to 6,548MM MoM in May versus 5,500M expected and 5.024M in the previous reading, according to the latest Aussie foreign trade data published by the Australian Bureau of Statistics on Thursday.

Australia’s trade surplus widens to 6,548MM MoM in May versus 5,500M expected and 5.024M in the previous reading, according to the latest Aussie foreign trade data published by the Australian Bureau of Statistics on Thursday.

Further details reveal that Australia's May Goods/Services Exports reprint -2.5% figures on a monthly basis versus 0.1 prior. The nation’s Goods/Services Imports dropped 7.2% in May MoM versus 4.2% prior. 

Market reaction

At the press time, the AUD/USD pair is up 0.51% on the day to trade at 0.6681.

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