April trade data shows a rebound to a A$1,791M surplus, boosting the Australian Dollar amid RBA policy expectations.
The Australian Dollar rose modestly after trade data revealed a A$1,791M surplus in April, reversing a revised A$1,024M deficit in March. Exports surged 7.2% month-on-month, while imports grew just 0.8%, signaling economic resilience.
The rebound follows a 2.5% decline in exports in March and a 12.2% jump in imports the prior month. Analysts view the surplus as supporting the Reserve Bank of Australia’s restrictive monetary policy stance, though geopolitical risks cap gains.
AUD/USD traded near 0.7135, up 0.08% on the day, as markets balanced trade optimism with Middle East tensions and stalled ceasefire talks.