Monitor AU Current Account to gauge AUD demand. A surplus boost indicates increased foreign transactions.
This indicator is closely tied to currency demand; an increasing surplus suggests that foreign investors are purchasing more of the domestic currency to carry out transactions within the country. The goods component has no effect as it duplicates the monthly Trade Balance data.
What it Measures
It represents the difference in value between imports and exports of goods, services, income flows, and unilateral transfers from the previous quarter.
Usual Effect
If the 'Actual' figure exceeds the 'Forecast', it is favorable for the currency.
Source & Frequency
Australian Bureau of Statistics (latest release) - https://www.abs.gov.au/ • This data is published quarterly, approximately 60 days after the end of the quarter.
How Data is Derived
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