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Canadian Copycats

NAB Morning Call

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The Aussie Dollar Is Down a Quarter Percent on the US Dollar

The Aussie dollar is down a quarter percent on the US dollar, $1 now buys 7.13 CNY peaked over 7.14. The Australian trade balance this morning that the size of this surplus is expected to fall a little but still 14 billion in surplus instead of 15 billion. Business activity indicators for New Zealand as well and the initial jobless claims for the US are otherwise quite quiet.

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