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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 AccessPer the ABS: "The total value of..........>
AUSTRALIA: Per the ABS: "The total value of exports & imports of goods both
increased in June '20 following declines in May & April '20, according to the
latest prelim international trade in goods figures... value of exports increased
by A$2.35bn or 8% driven by strong exports of iron ore. From May to June '20,
exports of iron ore (lumps & fines) increased by A$757mn or 8% to A$9.92bn, the
highest export value on record. This pushed the total exports of iron ore for
2019-20 to over A$100bn... China accounted for 87% of all iron ore exported in
'19-20. Adding to the increase in exports in June '20 were non-monetary gold, up
A$916mn or 67% to A$2.29bn, and petroleum, up A$208mn or 47% to A$651mn. The
value of goods imported rose by A$1.29bn or 6% driven by increases in imports of
petroleum, up A$341mn or 29% to A$1.51bn. This was the first increase in
petroleum imports since Dec '19. Articles of apparel, incl. PPE, also increased
sig., up A$332mn or 65% to A$843mn. Electrical machinery & appliances was up
A$271mn or 19% to a record high A$1.69bn. There was also a small increase in
imports of road vehicles in June. While the June 2020 road vehicle imports of
A$1.64bn is an increase on May '20, it is 44% less than June '19 levels."
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.