5/4/2021 1:33:57 AM GMT | By Ross J Burland
The Australian Trade Balance data for March arrived at AUD 5574m in surplus but misses estimates as follows:
Australia Trade Balance (Mar):A$5574Mln(est A$8200Mln, prevR A$7595Mln).
Exports (MoM) Mar: -2% (est 4%, prev -1%).
Imports (MoM) Mar: 4% (est 8%, prev 5%).
The Aussie is pressured slightly in this holiday trade.
AUD/USD technical analysis
The bulls have been enjoying a bout of USD weakness and stranger iron at the start of the week which has taken the price up to test a wall of resistance which could lead to a bullish extension if the confluence structure gives out.
April 1, 2021 - Written by John Cameron
GBP/AUD Exchange Rate Edges Higher on Upbeat UK PMI Data
The Pound Australian Dollar (GBP/AUD) exchange rate rose by 0.2% today after the UK’s factory PMI surged and hit a decade-high of 58.9 in March. The pairing is currently fluctuating around AU$1.82.
Analysts at Markit commented on the report:
‘Business sentiment was at its most elevated for seven years, hitting unsurpassed levels at both consumer and investment goods producers.
‘Almost two-thirds of manufacturers expect output to rise over the coming year (only 6% expect a contraction). Jobs growth was also at a seven-year high, supported by the sharpest rise in backlogs of work for 11 years.’
Pound Australian Dollar (GBP/AUD) Exchange Rate Rises as UK GDP is Revised Up currencynews.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from currencynews.co.uk Daily Mail and Mail on Sunday newspapers.
Pound To Australian Dollar (GBP/AUD) Exchange Rate Rangebound As Aussie Retail Sales Rise In November
GBP/AUD Exchange Rate Steady as Risk Sentiment Slides on New Covid-19 Strain Fears
The Pound to Australian Dollar (GBP/AUD) exchange rate held steady today, with the pairing currently trading around AU$1.77.
The Australian Dollar (AUD) stabilised today following the release of the flash Australian Retail Sales data for November, which rose by 7% as Black Friday and Victoria’s reopening increased sales.
Ben James, director of Quarterly Economy Wide Survey at ABS, commented on the data:
‘Victoria saw a large rise, up 21%, as retail stores experienced a full month of trade following the easing of coronavirus restrictions in that state. Excluding Victoria, retail sales rose 2.7%.’