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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI BRIEF: Aussie Trade Surplus Boost From Iron Ore, LNG Sales
Strong export demand for iron ore and liquefied natural gas propelled Australia's trade surplus to AUD12.44 trillion in September, according to data from the Australian Bureau of Statistics.
The trade surplus increased from AUD8.66 trillion in August as exports rose 7% m/m and imports increased 0.4% m/m. Tourism exports rose 12.3% to AUD3.2 billion.
China is Australia's largest trading partner, with merchandise exports rebounding to AUD14.7 billion from AUD13.5 billion in August. The outlook for iron ore depends on a recovery in China's property market. Iron ore prices fell below USD80 a tonne last week, but they have rebounded to just over USD80 a tonne on speculation China may relax some of its Covid restrictions.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.