- Despite an upbeat survey looking at the services industry outlook, the Australian dollar continued to weaken against the US dollar on Wednesday and saw it trading near five-and-a-half year low. The Australian currency was also lower versus the euro as its poor start to the year continues.
- The Canadian dollar was down near five-year lows against its US counterpart as the US economy continues to strengthen. The Canadian trade deficit widened to C$0.64 billion in November from C$0.33 billion in October – expert analysts had initial expected Canada’s trade deficit to hit C$0.20 billion for November.
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