Australia's June Trade Surplus Narrows More Than Expected

The video discusses Australia's trade surplus for June, which was lower than expected at 856 million Australian dollars, compared to the anticipated 1.8 billion. Imports rose by 2% while exports fell by 1%. The period coincided with low iron ore prices and a strengthening Australian dollar. The video concludes with a recap of these economic indicators and their implications.

What was the trade surplus for June in million Australian dollars?

How much did the imports rise from a month earlier?

What was the percentage change in exports from a month earlier?

What was the lowest price for iron ore during June?

What trend was observed in the Australian dollar during this period?