AUD/USD Dips as Trade Data Dissapoints

        0214 GMT [Dow Jones] AUD/USD dipped from 0.9285 to 0.9275 after weaker-than-expected March trade data. The surplus fell to A$731 million from A$1.26 billion in February, undershooting a market consensus of A$900 million, as exports fell 2% while imports were flat. Still, with Port Hedland iron ore exports to China surging to a record high in April, economists are expecting Australia to maintain the trade surplus, potentially lending support to the Australian dollar. Focus now turns to today's RBA board meeting which concludes with an interest rate decision and policy statement at 0430 GMT. AUD/USD last 0.9285. (david.rogers@wsj.com; Twitter: @DRWSJ)
        (END) Dow Jones Newswires

        May 05, 2014 22:14 ET (02:14 GMT)