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Australia's September trade surplus widened to $3.02 billion, well above the $1.7 billion expected, helped by resource exports. The third-quarter surplus reached $6.4 billion, and export prices rose 3.7% in the quarter.
A strong trade surplus driven by commodity exports supports the AUD and signals firm Australian resource pricing. The effect on feed grain markets is limited.
smh.com.auSwati Pandey, Charlotte GreenfieldNov 1, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
