<p>Australian trade balance data for January 2023, a surplus of AUD 11,688mn </p><ul><li>expected 12500 mn</li><li>prior 12237mn</li></ul><p>A huge jump in imports. Consumer sentiment might be in the doldrums but there is plenty of spending going on. </p><p>—</p><p>The focus in Australia today is on the Reserve Bank of Australia meeting. </p><p>due at 7.30pm US Eastern time. A 25bp rate hike is widely expected:</p><ul><li><a href="https://www.forexlive.com/centralbank/rba-interest-rate-hike-due-today-eyes-on-the-statement-more-hawkish-or-less-preview-20230307/" rel="follow" target="_self" class="article-link vertical-align-baseline">RBA interest rate hike due today, eyes on the Statement: More hawkish, or less? Preview.</a></li></ul><ul><li><a href="https://www.forexlive.com/centralbank/rba-preview-not-out-of-the-woods-yet-bofa-20230306/" rel="follow" target="_blank" data-article-link="true" class="article-link">RBA Preview: Not out of the woods yet – BofA</a></li><li><a href="https://www.forexlive.com/centralbank/the-rba-expected-to-raise-its-cash-rate-again-on-tuesday-gov-lowe-speaks-the-next-day-20230306/" rel="follow" target="_blank" data-article-link="true" class="article-link">The RBA expected to raise its cash rate again on Tuesday, Gov Lowe speaks the next day.</a></li><li><a href="https://www.forexlive.com/centralbank/aud-traders-heads-up-rba-shadow-board-recommends-a-25bp-cash-rate-hike-on-tuesday-7-feb-20230305/" rel="follow" target="_blank" data-article-link="true" class="article-link">AUD traders heads up: RBA 'shadow board' recommends a 25bp cash rate hike on Tuesday 7 Feb</a></li></ul>
This article was written by Eamonn Sheridan at www.forexlive.com.
