Posts Tagged ‘Australia’s trade deficit’
Currency Articles - May 9, 2012 23:52
Australian Dollar Plunges on Weaker Trade Data
The Australian dollar took a heavy beating on Tuesday and fell below $1.01 versus the greenback which also happens to its lowest since December. Investors squared off their positions on the Australian unit in reaction to weak Australian trade data and escalating worries over European debt. According to the latest report Australian trade deficit reached […]
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