Australian trade deficit much worse-than-expected

FXstreet.com (Barcelona) - Australian Trade Balance (Jul) came at -765M vs 110M exp and 602M last. Exports (Jul) stood at 0% vs -1% last, while Imports (Jul) were 4% vs -2% last. Westpac had anticipated the possible deficit just ahead of the release, noting "the run of 5 consecutive surpluses was likely to be broken."