Andrew Hanlan, Research Analyst at Westpac, notes that Australia’s terms of trade for goods moved lower in the June quarter, continuing the choppy profile evident from mid-2017. Key Quotes “Import prices rose by 3.2% in Q2, surprising a little to the upside (market median 1.9% and Westpac 2.5%).” “The cost of imports increased as the currency weakened and global energy prices rose further.” “Export prices provided the main surprise, increasing by 1.9% in the quarter, whereas a fall was widely expected (market median -1.3% and Westpac -0.8%).” “Prices for resources were more resilient than anticipated, while manufacturing export prices jumped in the period.” “Taken together, the terms of trade for goods weakened in Q2, declining by 1.2%. That still left the index 3% above the level of a year ago.” 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 EUR/USD clings to gains around 1.1730 ahead of ECB FX Street 5 years Andrew Hanlan, Research Analyst at Westpac, notes that Australia's terms of trade for goods moved lower in the June quarter, continuing the choppy profile evident from mid-2017. Key Quotes "Import prices rose by 3.2% in Q2, surprising a little to the upside (market median 1.9% and Westpac 2.5%)." "The cost of imports increased as the currency weakened and global energy prices rose further." "Export prices provided the main surprise, increasing by 1.9% in the quarter, whereas a fall was widely expected (market median -1.3% and Westpac -0.8%)." "Prices for resources were more resilient than anticipated, while manufacturing export prices jumped… 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.
