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Australian July Trade Balance is a surplus of AUD 6.009bn (expected 5.15bn)

Falling imports on the month is not a reassuring sign of a strong economy.

Australia’s surplus on trade
goods widened in July:

  • helped by a rise in exports of rural
    goods
  • dip in liquefied natural gas shipments
  • oil imports dipped

This article was written by Eamonn Sheridan at www.forexlive.com.

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