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.
Source:
http://www.theaustralian.com.au/business/markets/dollar-cools-on-trade-deficit-blowout/story-e6frg94o-1226549772111
