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Australia recorded its largest monthly trade surplus on record in December 2016, at A$3.51 billion, up from A$1.2 billion in November. Exports rose 5% to A$32.6 billion on higher volumes and strong commodity prices, while imports rose 1%.
Strong export volumes and commodity prices support the AUD and point to firm Australian export flows. The result reflects temporary commodity gains rather than a durable change in trade balance.
sharecafe.com.auGlenn DyerFeb 2, 2017Not 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.
