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Balance of Trade is Contracting
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Statistics on foreign-trade relations of many countries are disappointing.  Trade gap is widening.


Thus, negative balance grew up to 10.119 bn pounds in Great Britain, although the analysts expected it to reach the reading of 8.725 bn pounds. The situation is similar in Canada, where trade balance shrunk to 1.800 bn dollars. In both cases the reason for a noticeable increase in deficit is in weaker global demand: export and import volumes are decreasing.


Nevertheless, fresh data from the USA demonstrated a sudden improvement of foreign trade exponents. Export gained 0.9% up to 185 bn dollars as a result of higher demand for automobiles and industrial products.


Import, on the contrary, reduced amid fall in oil prices by 1.5%. As a result, trade balance deficit lost 11% up to 42.9 bn dollars.


Positive data encouraged investors and the dollar rate went up against its major counterparts to the level of 82.70 points.

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