FX: Impact of US and CAD Trade, Where RBA wants AUD
By Kathy Lien Better than expected U.S. economic data and hawkish comments from Atlanta Fed President Lockhart failed to provide much support to the greenback. The U.S. trade balance reached its best level since October 2009 and yet the dollar barely budged. Investors were not impressed that the trade deficit narrowed 22.4% to -$34.2 billion [...]
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