View Full Version : Trade shock

01-12-2005, 06:50 AM
The November US trade deficit was worse than anticipated at US$60.3bn in an upwardly revised US$56.0bn in October. Oil imports rose and there was also the export decrease since June. The report is going to be a test of market optimism within the buck. Losses through 1.3250 would rekindle negative dollar opinion and speak of 1.35.

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