Aussie rises on better-than-expected trade surplus

Source: Bloomberg
© Scanpix/Reuters
The Australian Dollar rose after the report showed that trade surplus was around 10 times what experts had predicted. The actual surplus was AUD 670 million, while economists estimated a modest surplus of AUD 53 million. However, the Aussie reached lowest point since September 2010 nevertheless due to comments by central bank's governor that the currency was too high. The Dollar is trading at 91.12 U.S. cents.
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