Australasian Currencies Affected By Reduced Bilateral Trade Figures
While Aussie and Kiwi Dollars fell because of lower levels of their exports to China, they rebounded quickly after Ben Bernanke sounded 'dovish' about the U.S. economy, and the consequent relative weakness of the American greenback. These events happened on Wednesday, 10th of July, 2013. Australia seemed to be coming out of it better than New Zealand.
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"China is a major export market for both Australia and New Zealand. Yet the breakdown of the current China trade data figures painted a better picture for Australia, with imports of Australian goods rising almost 12 percent…"
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