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Australian trade deficit falls to just -AUD178 million

The Australia trade balance for the month of February came at AUD -178m vs. AUD -1000m expected, with export up 3% vs -1% consensus, and imports reduced by 1% vs expectations of +1%. Overall, very good numbers which are causing the Australian Dollar to appreciate in the tune of 15/20 pips across the board. AUD/USD last at 1.0470 from 1.0445/50.
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