🇦🇺🔻 Australia Terms Of Trade Fall to Lowest Since 2021: Cable FX Macro

**As seen in Macro Walk report 05/27/23, subscribe at cablefxm.co.uk/reports

• An index tracking Australian terms of trade showed the metric falling to the lowest since April 2021. Last week, the Citi AU ToT gauge dipped by 5.25 index points to 33.55

• For most of last year, we have seen Australian terms of trade easing, commodity FX peers recorded similar moves, however, a relative strength is seen in the Canadian equivalent