Australian Dollar Soft Despite Better-Than-Expected Trade Balance

The Australian dollar was mixed-to-lower today despite domestic macroeconomic data that showed a better-than-expected trade balance.
The Australian Bureau of Statistics reported that the trade surplus decreased to A$1.55 billion in July from A$1.94 billion in June. Despite the decrease, the actual reading was better than the median forecast of A$1.46 billion. Yet the Aussie did not react to the report, and analysts explained that by risk aversion on the Forex market.
AUD/USD rallied from 0.7183 to 0.7203 as of 12:54 GMT today. AUD/CHF edged down from 0.6986 to 0.6976, touching the low of 0.6954 intraday.

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