The Australian dollar dived on Wednesday following the trade balance climbed less than projected in May.
According to the Australian Bureau of Statistics, trade balance rose to $2.75 billion from $.4.13 billion in April.
The Aussie closed at 69.15 euro cents from Tuesday’s 69.36 euro cents, and 76.39 US cents from 77.16 US cents.
It is worse than expected. “We’re seeing a bit of reaction in the Aussie dollar,” said Chris Weston, Chief Strategist at IG Markets.
The material has been provided by InstaForex Company – www.instaforex.com
The Australian dollar dived on Wednesday following the trade balance climbed less than projected in May.
According to the Australian Bureau of Statistics, trade balance rose to $2.75 billion from $.4.13 billion in April.
The Aussie closed at 69.15 euro cents from Tuesday’s 69.36 euro cents, and 76.39 US cents from 77.16 US cents.
It is worse than expected. “We’re seeing a bit of reaction in the Aussie dollar,” said Chris Weston, Chief Strategist at IG Markets.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: