AUD/USD flows: Trade Balance Beats

The Australian trade balance beats estimate at AUD4385mn for October. Both import and export is positive m/m. At the same time, household spending stays solid at 5.6% y/y. Neither favors an imminent cut from the RBA. Regional equities are outperforming U.S. major equity indexes so far on Thursday.

AUD/USD is trading 0.11% higher at 0.6608.