Andrew Hanlan, Research Analyst at Westpac, notes that Australia’s trade surplus widened to $1.9bn in June, a marked improvement on a $0.7bn surplus for May, as export earnings moved higher. Key Quotes “The outcome exceeded expectations (market median $0.9bn and Westpac $1.1bn).” “Exports increased by 2.6% in the month, $0.9bn, with gains across a number of categories.” “Imports declined by 0.7%, $0.2bn, as the fuel bill fell on lower oil prices.” “The trade surplus for the June quarter was $2.9bn, a decrease of $490mn on the March quarter.” “This deterioration in the trade position between Q1 and Q2 reflects a decline in the terms of trade, in our view, down an estimated 1.5%.” 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 Bitcoin Cash analysis: BCH/USD regains ground as the project celebrates the one-year anniversary FX Street 5 years Andrew Hanlan, Research Analyst at Westpac, notes that Australia's trade surplus widened to $1.9bn in June, a marked improvement on a $0.7bn surplus for May, as export earnings moved higher. Key Quotes "The outcome exceeded expectations (market median $0.9bn and Westpac $1.1bn)." "Exports increased by 2.6% in the month, $0.9bn, with gains across a number of categories." "Imports declined by 0.7%, $0.2bn, as the fuel bill fell on lower oil prices." "The trade surplus for the June quarter was $2.9bn, a decrease of $490mn on the March quarter." "This deterioration in the trade position between Q1 and Q2 reflects… 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.
