The trade balance data from Australia is one of the only two releases I noted on today's calendar
Its expected to come in at a surplus, but down from the surplus recorded in October:
- expected +2.175bn AUD
- prior +2.316bn AUD
Expectations for lower are based on both a fall in price for exports (energy) and also lower volumes of coal exports.
The other data release noted on the agenda is again from Australia, ANZ job ads. This has been showing falls m/m also.
neither of the releases is expected to have too much impact on the Australian dollar. What to watch today are for results out of the China/US trade talks - good news should be read as an AUD positive, and vice versa. I expect we'll get some news either way late in the China day.
