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Australia’s terms-of-trade unexpectedly surges

June 2, 2020 - 11:46 -- Admin

Within today’s dump of balance of payments data that feeds into tomorrow’s March quarter national accounts release was the important news that Australia’s terms-of-trade unexpectedly surged by 2.9% in seasonally adjusted terms. This result was unexpected because it contradicted both the RBA’s index of commodity prices, which fell by 2.3% over the March quarter: As

The post Australia’s terms-of-trade unexpectedly surges appeared first on MacroBusiness.

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