AUD/USD retreats despite Australian trade deficit narrows more than expected
January 7, 2014 7:55 am
Australian dollar traded lower against its US counterpart on Tuesday, as a technical indicator signaled a reversal and despite that Australian trade balance produced a lesser than projected deficit in November. AUD/USD reached a daily low at 0.8912 at 5:05 GMT, after which consolidation followed at 0.8924, falling 0.49% for the day. Support was likely […] Read more