AUD/USD bulls are attempting to break higher with eyes towards 0.6680 – by fx_ross AUDUSD TradeBalance DollarIndex Currencies
US dollar is under pressure in Asia, but bulls are lurking.
The surplus came in slightly lower than forecast due to the stronger than expected import growth at +4%, versus +1% forecast. Exports were also firmer, +3% , more details to follow on this. ''At 56.7, the index rose for the 28th consecutive month and is more or less in line with the 20-year long-run average . In sum, service sector activity is not yet sufficiently below trend to exert strong downward pressure on inflation. of price pressures are slowing. The prices component was 68.7 vs 71.5 and the supplier deliveries index eased 0.6 to 53.9. Employment rebounded to 53.0 and new exports rose , despite the strength in the US,'' analysts at ANZ Bank explained.
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