Aussie Dips as Trade Gap Exceeds Expectations

The Australian dollar edged down today, following yesterday’s slump, after a report showed that the nation’s trade balance deficit was much bigger than analysts have anticipated. Losses were relatively small.

The Australian trade gap was at A$529 million in October, up from A$271 million in September. The median forecast promised an increase to A$380 million. The Aussie fell after the report, but not far, perhaps because yesterday’s big drop did not leave much room for further decline.

AUD/USD was down from 0.9027 to 0.9024 and AUD/JPY fell from 92.39 to 92.20 as of 13:42 GMT today.

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