Forexpros – Australia’s trade surplus widened unexpectedly in December, official data showed on Thursday.
In a report, the Australian Bureau of Statistics said the trade surplus, or difference between imported and exported goods and services, widened to AUD1.71 billion in December, up from AUD1.34 in November, whose figure was revised down from a AUD1.34 billion surplus.
Economists had expected the trade surplus to narrow to AUD1.20 billion in December.
According to the data, exports totaled AUD27.79 billion, while imports came in at AUD26.08 billion.
Following the release of the data, the Australian dollar was up against its U.S. counterpart, with AUD/USD rising 0.28% to trade at 1.0736.
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