Aussie drops after trade balance data

Economies.com
2021-02-04 16:31PM UTC

The Australian dollar fell on Thursday, after the release of disappointing economic data, and amid focus on the latest updates regarding the coronavirus pandemic.

 

The Australian trade balance showed a surplus of $6.79 billion during January, lower than estimates of $9 billion, after a surplus of $5.01 billion in December, while the NAB Business Confidence index reached 14 points.

 

The US Congress is reportedly going to discuss President Joe Biden's Covid relief plan of $1.9 trillion.

 

As of 16:27 GMT, AUD/USD fell 0.3% to 0.7596, after hitting a high of 0.7649 and a low of 0.7587.

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