Australia trade dives into deficit on China, gold

Australia's trade account unexpectedly dived into the red in January as exports to China were hit by the Lunar holiday and shipments of gold took a steep drop, making a soft start to the year for one of the country's success stories.

sharenet | March 9, 2012 - 1:59 am
Categories: Precious Metals

* Trade account dives to A$673 mln deficit in Jan * Exports hit by China Lunar holiday, drop in gold * Seen as temporary, but adds to recent soft data SYDNEY, March 9 (Reuters) – Australia’s trade account unexpectedly dived into the red in January as…

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