Australian dollar dives as April trade deficit widens
June 5, 2015 5:44 am
The Australian dollar plummeted on Friday as trade deficit widened and local retail spending was even.
Australia’s trade deficit ballooned to $3.89 in April from $1.23 billion in March. Also, retail spending was flat in April.
The Aussie ended at 68.42 euro cents from Thursday’s 68.68 euro cents, and 76.86 US cents from 77.20 US cents.
Aussie wiped out over 1% of its worth due to disappointing figures. It “could possibly break below 76 US cents,” said Kathy Lien, Managing Director at BK Asset Management.
The material has been provided by InstaForex Company – www.instaforex.com
The Australian dollar plummeted on Friday as trade deficit widened and local retail spending was even.
Australia’s trade deficit ballooned to $3.89 in April from $1.23 billion in March. Also, retail spending was flat in April.
The Aussie ended at 68.42 euro cents from Thursday’s 68.68 euro cents, and 76.86 US cents from 77.20 US cents.
Aussie wiped out over 1% of its worth due to disappointing figures. It “could possibly break below 76 US cents,” said Kathy Lien, Managing Director at BK Asset Management.
The material has been provided by InstaForex Company – www.instaforex.com
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