Australia March Trade Deficit Narrows

The video discusses the March trade deficit, which was lower than expected at $2.16 billion, compared to the anticipated $2.9 billion. February's deficit was also revised down. The improvement is attributed to a recovery in commodity prices, with significant increases in iron ore, gold, and coal exports. Retail figures also showed a slight increase, contributing to a stronger Aussie dollar.

What were the expectations for retail sales before the reported increase?

What impact did retail figures have on the Aussie dollar?