# Australian dollar lifts on bumper trade surplus

> 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.

- Date: 2018-11-01 · published 2018-11-01T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/62296-australian-dollar-lifts-on-bumper-trade-surplus
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

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.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- smh.com.au: https://www.smh.com.au/business/markets/australian-dollar-lifts-on-bumper-trade-surplus-20181101-p50de7.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.