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Aussie, kiwi dollar tumble on poor China trade data
The dollar rose versus the Australian dollar and kiwi dollar, gauges for global risk appetites, as investor sentiment was hurt by trade data increasing concerns China could have a sharp economic slowdown. Broader market sentiment turned negative after data showed that China’s December exports unexpectedly fell 4.4 percent from a year earlier, the biggest monthly drop in two years, pointing to further weakening in the world’s second-largest economy. The data took its toll on the Australian dollar AUD= and New Zealand dollar NZD=, which both fell more than 0.4 percent. China is Australia's largest trade partner and ... (full story)
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