Aussie weaken after trade surplus narrowed

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Source: Bloomberg
The Australian dollar depreciated against US dollar after report confirmed that the country's trade surplus contracted more than expected indicating that woes in Europe is harming global growth. Aussie lost 0.4% to $1.0174 on Monday trade after experiencing 0.5% gain on Friday. New Zealand dollar gave up 0.3% to $0.7729. AUD/USD currently is trading at $1.0101, while NZD/USD is trading at $0.7665.

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Mon, 12 Dec 2011 11:00:34 GMT

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