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Dollar Was Trading Lower Late After Country Posted Widest Trade Deficit in 5 Years

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Add date: 2016-11-25 Hits:109

Core prompt: The Australian dollar was trading lower late today after the country posted its widest trade deficit in nearly five years

The Australian dollar was trading lower late today after the country posted its widest trade deficit in nearly five years.

The trade deficit for November widened to $2.6 billion from $2.4bn in October, the Australian Bureau of Statistics said. That was the biggest monthly shortfall since March 2008 and was wider than analysts' expectations for a deficit of $2.3bn.

keywords: Australian dollar, trade deficit, Australia, currency

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