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Australia Trade balance posts a smaller surplus

Posted by Akhilesh Ganti on Aug 5, 2013 9:38:00 PM

Australia's trade balance for June came in at +602 Million, which was lower than the +804 Million forecast. Exports declined by 1% while imports fell by 2% from a month earlier. AUD/USD is largely unchanged trading at 0.8922 as traders await the results of the RBA meeting a bit later on.

Australia tradebalance jun13 resized 600{chart: Bloomberg}

 

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