The Australian dollar strengthened against the US dollar as Australia’s trade balance showed a surplus. Increased export activity primarily drove the positive figures, exceeding market expectations.

Key Factors Influencing the AUD/USD

• Trade Balance: The surplus indicates a healthy export sector.
• Global Demand: Demand for Australian commodities remains robust.
• US Dollar Performance: The US dollar’s relative weakness also contributed to the pair’s movement.

Market Outlook

Analysts suggest that the AUD/USD pair’s trajectory will depend on upcoming economic data releases from both Australia and the United States. Geopolitical factors and overall market sentiment will also play a crucial role.