Expected Trade Balance Surplus of ANZ will Support the Rate of Australian Dollar
Forex news, rate of Australian dollar. The rate of Australian dollar has dropped as a result of unexpected announcement in January about Australian trade balance deficit that amounts to 673 mln. Australian dollars. As expected by analysts, balance of trade was supposed to amount the surplus of about 1.5 bln. Australian dollars, which was higher than actual surplus in December (1.33 bln.). It is alos worth mentioning that this is the first deficit since last February.
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