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Imports YoY climbed to -7.9 in July 2023, up 4.4 from June's -12.3 reading. The reading matched the -8.2 consensus. Imports YoY has now risen for 3 consecutive months. Over the past 3 months, Imports YoY averaged -13.63, vs -11.63 in the prior 3-month window. The reading is in the 37th percentile of the trailing 24-month range.
The August 2023 reading rose from the previous value of -12.3. Historically, this indicator is positively correlated with XAU/USD (Bullish XAU) and positively correlated with BTC/USD (Bullish BTC).
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