Australia trade surplus widens far more than expected

NEW YORK (Forex News Now) – Australia’s trade deficit widened far more than expected in June, official data showed on Wednesday, in one of the day’s major FX news events.

The Australian Bureau of Statistics reported that the country’s trade balance swelled to AUD 3.54 billion, up from a revised AUD 1.83 billion in May.

Global forex analysts had expected the deficit to come in at AUD 1.81 billion in June, two major forex news outlets reported.