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Australia's trade deficit narrowed to 678 million Australian dollars ($645 million) in September from August's A$727 million,. The result beat expectations for a A$600 million trade gap, with the numbers helping lift the Australian dollar AUDUSD -0.57% above the 95-U.S.-cent level to 95.07 U.S. cents. Exports rose less than 1% from the month before, while imports slipped 1%, according to the Australian Bureau of Statistics.

"On the whole, there's a smaller deficit coming through and we'd expect some fairly good improvement to continue in the trade accounts in the coming year as our export sectors continue to record some pretty solid gains in volume growth over 2014", National Australia Bank senior economist Spiros Papadopoulos said.

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