The Australian trade deficit in May increased by a third vs. a year earlier to A$2.22 billion (US$1.66 billion) according to the Australian Bureau of Statistics. This was well above market expectations of A$1.5 billion according to a Reuters survey. This is likely explained by exports to the U.S. falling 8.2%. The largest seaborne export … Continue reading “Australian Deficit Disappoints, Election Uncertain”