June 05, 2015
The Australian dollar dipped overnight on the back of poor trade data. The AUD traded at 0.7675 from 0.7690 as politicians are hoping there is further correction in the market to help Australian exporters. Further improvement in the U.S. will likely result in a interest rate hike, something Reserve Bank Governor Glen Stevens would welcome. Some punters are predicting the dollar to fall to 0.75 cents sometime this year.