March trade surplus forecast at 4,250 million AUD, down from 5,686 million in February, potentially weighing on the currency pair.
Australia’s trade surplus is expected to narrow to 4,250 million AUD in March, down from 5,686 million in February. The data will be released by the Australian Bureau of Statistics on Thursday at 00:30 GMT.
Analysts anticipate a decline amid shifting global demand and commodity price fluctuations. February’s surplus marked a strong print, but March projections suggest a moderation in export performance.
A weaker-than-expected surplus could pressure AUD/USD, while an upside surprise may provide temporary support.