Asian Market Update: Australia Records Its Biggest Trade Deficit In 18 Months As China Demand ...

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After 5 consecutive months of surplus, Australia's terms of trade fell into deficit for the 2nd straight month in May, and the latest A$1.9B shortfall is the biggest in the past 18 months. Exports sank 5% m/m, as shipments to Australia's largest market China fell 12%. Gold and



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