Published at 03:01 (GMT) 08 Dec
China's trade balance came in better than expected with a big drop in imports, the latter unlikely to encourage any thoughts that the AUD is going to rally any time soon. The AUD has a poor November and December is not shaping up to be any better. The RBA of course has been happy to see a weaker AUD, though if we do eventually get to see a break of .80 we have to wonder when it would start to suggest that we have seen enough, especially if a deteriorating trade position is driving it. PB
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