Australian Dollar faces a weekly decline

Source: Bloomberg
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Australian currency experienced a weekly drop versus US Dollar as government data showed country's trade balance moved to a deficit in January. Aussie was little changed on Friday when it traded at USD 1.0642. Nevertheless, on weekly basis Australian Dollar posted a 0.9% decline. Meanwhile New Zealand Kiwi gained 0.2% versus its US peer to USD 0.8258. Currently AUD/USD is trading at USD 1.0638 and NZD/USD is trading at USD 0.8247.
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