China’s Trade Deficit Makes Aussie Weaker

  March 10th, 2011 at 12:26, Vladimir Vyun

Australian dollarThe Australian dollar slid today as China posted the unexpected trade deficit after the Lunar New Year holiday disrupted exports.

China posted the trade balance deficit of $7.3 billion in February, while in January the trade balance posted the surplus of $6.5 billion. The median forecast was for a $4.9 billion surplus. The annual growth of exports was only 2.4 percent, the slowest pace since November 2009, while imports advanced 19.4 percent.

AUD/USD fell from 1.0105 to 1.0039 as of 12:26 GMT today.

If you have any questions, comments or opinions regarding the Australian Dollar, feel free to post them using the commentary form below.

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