TRADE, EXCHANGE RATES AND BUDGETS
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Britain's monthly visible-trade deficit narrowed to $3.8 billion in May, but the annual total rose to $42.8 billion. Italy's trade surplus fell to $8.4 billion in the 12 months to May. Spain's 12-month current-account deficit widened to $16.2 billion in April. The trade-weighted value of the dollar fell by 0.6%; the yen also fell, by 1.8%, but it is still 11.2% higher than a year ago.
This article appeared in the Economic & financial indicators section of the print edition under the headline “TRADE, EXCHANGE RATES AND BUDGETS”