China's imports of top Aussie exports - copper, iron ore - dropped in June, the official data released today showed. Consequently, the Australian dollar (AUD) may remain on the defensive.
Key points (Source: Reuters)
- Copper: China imported 448,000 tonnes in June vs 470,000 tonnes in May.
- Iron ore: China imported 83.24 million tonnes in June vs 94.13 million tonnes in May.
- Crude oil: China imported 34.35 million tonnes vs 39.04 million tonnes in May
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