Trade Balance

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july, 2020

14jul2:30 am2:30 amTrade BalanceIMPACT: AUD, NZD, CNH & RELATED CROSSES2:30 am - 2:30 am UTC Event Type :Medium ImpactTill the Data is Released!

Event Details

What is this event?

Export demand and currency demand are directly linked because foreigners usually buy domestic currency to pay for the nation’s exports. Export demand also impacts production and prices at domestic manufacturers.

Measures

The difference in value between imported and exported goods during the previous month.

Effect on Currency

‘Actual’ greater than ‘Forecast’ is good for currency.

Frequency of event

Released monthly, about 10 days after the month ends.

Source of Data

CGAC (latest release)

Time

(Tuesday) 2:30 am - 2:30 am

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