The Australian Bureau of Statistics released its current account data on Tuesday. Australia's current account deficit narrowed to A$18.1 billion in the third quarter from A$20.5 billion in the second quarter, missing expectations for a decline to a deficit of A$16.5 billion. The second quarter's figure was revised down from a deficit of A$19.0 billion.

The seasonally adjusted surplus on goods and services rose by A$6.12 billion in the third quarter, which was 1.5% of gross domestic product.

Australia's net foreign debt climbed 3% in the third quarter.