Andrew Hanlan, analyst at Westpac, points out that global prices for Australia’s key commodity exports continued their upward march in the June quarter, underpinning the uptrend in overall export prices. Key Quotes “The export goods price index rose by a relatively strong 3.8% in the June quarter to be more than 17% above the level of a year ago. Notable of late is the spike in iron ore prices in the wake of supply disruptions in Brazil.” “Export price gains continue to outstrip those for imports.” “The import price index increased by a modest 0.9% in the quarter, boosted by higher global petroleum prices.” “In the June quarter, the terms of trade for goods increased by 2.8% to be 13.6% higher than a year ago.” “The multi-year rebound in commodity prices has the terms of trade for goods 42% above the low of March 2016. That still leaves the index 14% below the mid-2011 peak.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Forex Today: King Dollar held the head high, Antipodeans saved by China data, all eyes on BOE now FX Street 4 years Andrew Hanlan, analyst at Westpac, points out that global prices for Australia's key commodity exports continued their upward march in the June quarter, underpinning the uptrend in overall export prices. Key Quotes "The export goods price index rose by a relatively strong 3.8% in the June quarter to be more than 17% above the level of a year ago. Notable of late is the spike in iron ore prices in the wake of supply disruptions in Brazil." "Export price gains continue to outstrip those for imports." "The import price index increased by a modest 0.9% in the quarter, boosted by… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
