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Australia's trade balance swung to a deficit, weakening the Australian dollar.
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Australia’s trade balance swung to a deficit of A$3,018 million in May on a month-over-month basis, following a revised surplus of A$1,383 million in April. The data was published by the Australian Bureau of Statistics on Thursday. The April surplus was originally reported as A$1,791 million.
Australia's trade balance swung to a deficit, weakening the Australian dollar.