Australia Goods Trade Surplus Widens To A$3.37 Billion In December

[CITIC Securities: Current US Financial Market Environment Does Not Favor Balance Sheet Reduction] CITIC Securities Points Out That Although Warsh Repeatedly Mentioned The Policy Direction Of Interest Rate Cuts And Balance Sheet Reduction In 2025, Considering That The Liquidity Pressure In The US Money Market Only Significantly Eased In January, The Current Reserve-to-GDP Ratio Is Still Around 10%, And The Fed's Assets Held As A Percentage Of GDP Are Around 20%, Approaching The Pre-pandemic Level Of 2018, Indicating Limited Overall Reserve Adequacy. If Warsh Becomes The Next Fed Chairman, And If He Quickly Initiates Balance Sheet Reduction After Taking Office, The US Money Market May Face Liquidity Pressure Again. Therefore, Overall, CITIC Securities Believes That The Current US Financial Market Environment Does Not Favor Balance Sheet Reduction

Australian Dollar Last Up 0.1% At $0.70045 After Trade Data

Australia Dec Goods Exports +1% Month-On-Month, Seasonally Adjusted

Australia Dec Goods Imports -0.8% Month-On-Month, Seasonally Adjusted