Created
: 2025.05.01
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
Australia's Trade Surplus climbs to 6,900M MoM in March vs. 3,130M expected
World FX news
Breaking news
Australia's Trade Surplus climbs to 6,900M MoM in March vs. 3,130M expected
New
2025.05.01 10:37
2025.05.01 10:37
2025.05.01 10:37
Australia's trade surplus rose to 6,900M MoM in March versus 3,130M expected and 2,852M (revised from 2,968M) in the previous reading, according to the latest foreign trade data published by the Australian Bureau of Statistics on Thursday.
Further details reveal that Australia's Exports climbed by 7.6% MoM in March from -4.2% (revised from -3.6%) seen a month earlier. Meanwhile, Imports fell by 2.2% MoM in March, compared to a rise of 1.8% (revised from 1.6%) seen in February.
Market reaction to Australia's Trade Balance
At the press time, the AUD/USD pair is up 0.13% on the day to trade at 0.6410.
Australian Dollar FAQs
One of the most significant factors for the Australian Dollar (AUD) is the level of interest rates set by the Reserve Bank of Australia (RBA). Because Australia is a resource-rich country another key driver is the price of its biggest export, Iron Ore. The health of the Chinese economy, its largest trading partner, is a factor, as well as inflation in Australia, its growth rate and Trade Balance. Market sentiment - whether investors are taking on more risky assets (risk-on) or seeking safe-havens (risk-off) - is also a factor, with risk-on positive for AUD.
The Reserve Bank of Australia (RBA) influences the Australian Dollar (AUD) by setting the level of interest rates that Australian banks can lend to each other. This influences the level of interest rates in the economy as a whole. The main goal of the RBA is to maintain a stable inflation rate of 2-3% by adjusting interest rates up or down. Relatively high interest rates compared to other major central banks support the AUD, and the opposite for relatively low. The RBA can also use quantitative easing and tightening to influence credit conditions, with the former AUD-negative and the latter AUD-positive.
China is Australia's largest trading partner so the health of the Chinese economy is a major influence on the value of the Australian Dollar (AUD). When the Chinese economy is doing well it purchases more raw materials, goods and services from Australia, lifting demand for the AUD, and pushing up its value. The opposite is the case when the Chinese economy is not growing as fast as expected. Positive or negative surprises in Chinese growth data, therefore, often have a direct impact on the Australian Dollar and its pairs.
Iron Ore is Australia's largest export, accounting for $118 billion a year according to data from 2021, with China as its primary destination. The price of Iron Ore, therefore, can be a driver of the Australian Dollar. Generally, if the price of Iron Ore rises, AUD also goes up, as aggregate demand for the currency increases. The opposite is the case if the price of Iron Ore falls. Higher Iron Ore prices also tend to result in a greater likelihood of a positive Trade Balance for Australia, which is also positive of the AUD.
The Trade Balance, which is the difference between what a country earns from its exports versus what it pays for its imports, is another factor that can influence the value of the Australian Dollar. If Australia produces highly sought after exports, then its currency will gain in value purely from the surplus demand created from foreign buyers seeking to purchase its exports versus what it spends to purchase imports. Therefore, a positive net Trade Balance strengthens the AUD, with the opposite effect if the Trade Balance is negative.
Last updated
: 2025.05.01
Related articles
USD/CAD Price Forecast: Tests initial support at 1.3800 near six-month lows
5 minutes agoPound Sterling extends correction against US Dollar ahead of US Manufacturing PMI
11 minutes agoForex Today: US Dollar stretches higher ahead of mid-tier data releases
18 minutes agoNZD/USD edges lower to near 0.5900 as US Dollar appreciates ahead of ISM Manufacturing PMI
39 minutes agoEUR/INR today: Indian Rupee cross rates mixed at the start of the European session
58 minutes agoGBP/JPY rises to near 192.00 after BoJ's Ueda speech
2025.05.01 15:51
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
USD/CAD Price Forecast: Tests initial support at 1.3800 near six-month lows
The USD/CAD pair retraces its losses registered in the previous session, trading around 1.3810 during the European hours on Thursday.
New
2025.05.01 16:56Pound Sterling extends correction against US Dollar ahead of US Manufacturing PMI
The Pound Sterling (GBP) corrects further, trading slightly below 1.3300 against the US Dollar (USD) during European trading hours on Thursday and extending the decline from its three-year high of 1.3445 posted on Tuesday.
New
2025.05.01 16:49Forex Today: US Dollar stretches higher ahead of mid-tier data releases
Here is what you need to know on Thursday, May 1:
New
2025.05.01 16:42NZD/USD edges lower to near 0.5900 as US Dollar appreciates ahead of ISM Manufacturing PMI
The NZD/USD pair has trimmed its daily gains and is depreciating, trading near 0.5920 during the early European session on Thursday. The New Zealand Dollar (NZD) faces pressure as expectations mount for further monetary easing by the Reserve Bank of New Zealand (RBNZ).
New
2025.05.01 16:22EUR/INR today: Indian Rupee cross rates mixed at the start of the European session
Indian Rupee (INR) crosses trade mixed at the start of Thursday, according to FXStreet data.
New
2025.05.01 16:02GBP/JPY rises to near 192.00 after BoJ's Ueda speech
The GBP/JPY cross gains ground to near 191.95 during the early European session on Thursday. The Japanese Yen (JPY) softens against the Pound Sterling (GBP) after the Bank of Japan (BoJ) kept interest rates steady and slashed its growth forecasts on Thursday.
New
2025.05.01 15:51BoJ's Ueda: Uncertainty from trade policies heightened sharply
Bank of Japan (BoJ) Governor Kazuo addresses a press conference on Thursday, explaining the Bank's decision to maintain the interest rate at 0.50% for the second consecutive meeting.
New
2025.05.01 15:38Palladium price today: Rare metals down at the start of the European session
Platinum Group Metals (PGMs) trade with a negative tone at the beginning of Thursday, according to FXStreet data.
New
2025.05.01 15:32Crude oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session. WTI trades at $57.89 per barrel, down from Wednesday's close at $57.97.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $61.01 after its previous daily close at $61.05.
New
2025.05.01 15:01FX option expiries for May 1 NY cut
EUR/USD: EUR amounts
New
2025.05.01 14:50Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
