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US: Trade balance likely to narrow to $48.7bn - Nomura

According to the Census Bureau’s advance goods trade balance report, US net exports of goods grew sharply as imports dropped unexpectedly while exports grew solidly, notes the research team at Nomura.

Key Quotes

“Reflecting these estimates, we forecast a sharp narrowing of the nominal trade balance to $48.7bn, from $57.6bn. We think the slowdown in goods imports in March was likely transitory. Incoming survey data on trade suggest steady momentum in import activity and domestic demand appears to be firm. However, we should closely monitor incoming data to discern any impact from changes to trade policies.”

AUD/USD: Near term consolidation - Westpac

Sean Callow, Research Analyst at Westpac, notes that this week has produced lows dating to June 2017 for both AUD/USD and A$ TWI and so it has been a
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EUR/USD now sidelined below 1.20 ahead of US docket

The single currency keeps the positive note intact so far today and is now taking EUR/USD to the area of 1.1980, where it is looking to consolidate.
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