WeeklyCryptoNews
Bitcoin is lower and lower. The cryptocurrency couldn’t stick above the resistance at $6,500 and it plunged.
Australia's trade surplus rebounds steeply
In May, Australia's trade surplus rebounded steeply because coal shipments revived faster than expected from a series of cyclone-induced disruptions, thus putting exports back on track to contribute to economic surge in the quarter.
Along with recent positive reports on consumer as well as business spending, economic surge currently looks likely to have recovered from the March quarter's quite dismal 0.3% pace.
Thursday's report from the Australian Bureau of Statistics revealed that in May the trade surplus tacked on to A$2.47 billion, adding from April’s downwardly revised A$90 million and also twice surpassing market forecasts of about A$1.1 billion.
Exports of coal alone went up 62% to a cool A$5 billion because mines rushed to proceed with shipments after Cyclone Debbie destroyed rail tracks in Queensland, which appears to be one of the world's leading coal-exporting regions.
Total exports inched up 8.5% to more than revive April's dip, while imports gained 0.7%.
Similar
Swiss trade surplus dives to 2.3 billion francs in May
In May this year, Switzerland's trade surplus accounted for 2…
Important news for oil traders
The meeting of the Organization of the Petroleum Exporting Countries (OPEC) will take place on June 22.
Popular
Evergreen buck is steady
On Friday, the major US currency was still steady, and the British pound dived a bit…
Euro reaches one-week maximum on hawkish comments
On Tuesday, the common currency demonstrated a one-week maximum because market participants added trading positions on a hawkish overnight statement by a policymaker, which reaffirmed bets the euro zone economy's outlook is still firm enough…
Common currency is on defensive on political concerns
On Monday, the common currency stood on the defensive after Austria's election…
ps.widget.header.in
