Excellent the same happens with aud swap rates, where the Australian has shown its value. The Australian Dollar finished lower on Friday, but still managed to hold on to its gains for the week. After surging to .7677 earlier in the week, its highest level since April 23, prices retreated the last two sessions on concerns over a possible trade war, disappointing trade balance data and worries over emerging markets.
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News: Australian dollar slips after trade data, NZ$ near 1-month top, page-2
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Dusko Ljubojevic, MD
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