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Australia Trade Surplus Largest in 3 Months

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Australia’s trade surplus increased to AUD 8.20 billion in June 2020 from a downwardly revised AUD 7.34 billion in the previous month and compared with market consensus of an AUD 8.8 billion surplus. This was the largest trade surplus since March, amid improving global demand as more countries reopened their economies following restrictions related with the COVID-19 pandemic.