Australia's trade balance deficit widened in July

A report today showed that the Australian trade balance deficit widened in July more the forecasts as exports are still falling along with increasing imports. Exports were negatively affected by the declining prices, while imports increased due to the improving domestic demand. The Australian trade balance deficit recorded A$1556 million in July compared with a previous deficit of A$441 million that was revised to A$538 million, and it came worse than forecasts that referred to a