The Australian dollar struggled to get over the mid-week hump as it dropped further against its US counterpart. It wasn’t all bad news though, as it managed to increase its gap with its closer neighbour, the New Zealand dollar, by almost half a per cent.
Talking of the New Zealand dollar, it also recorded lower rates against its rather larger US counterpart. Data releases yesterday showed that the country’s trade surplus widened far less than expected in February – hitting NZ$50 million last month, according to Statistics New Zealand.
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