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RBA´s Governor Lowe to testify before the House of Representatives Standing Committee on Economics.
Australian Trade surplus jumped to 6.785M in December as imports fell.
AUD/USD under mild-pressure, firmer equities limit declines.
The AUD/USD pair is posting a modest daily decline, trading just below the 0.7600 level ahead of the Asian opening. The pair was trapped between the persistent greenback’s demand and solid Wall Street gains, these last limiting the downside.
Australia published the December Trade Balance at the beginning of the day, which posted a surplus of 6.785M, better than the previous 5.014M. Exports increased 3% while imports were down by 2%. The country will release the December AIG Performance of Services Index, and Retail Sales for the same month. The RBA will release its monetary policy statement, while Governor Philip Lowe is due to testify before the House of Representatives Standing Committee on Economics.
CANBERA (dpa-AFX) - Asian stocks fell in thin holiday trade on Tuesday amid uncertainty over a U.S. stimulus package and concerns over delays in distributing Covid-19 vaccines. Investors also