Forex – Aussie, Kiwi Move Lower; Weak Australian Data Weighs

Aussie, kiwi decline vs. stronger greenback in late trade – The Australian and New Zealand dollars moved lower against their U.S. counterpart on Thursday, after the release of downbeat Australian trade data and as demand for the greenback remained broadly supported.

fell 0.34% to 0.7537, the lowest since November 21.

Earlier Thursday, the Australian Bureau of Statistics said that the trade surplus narrowed to in October from A$1.604 billion in September, whose figure was revised from a previously estimated A$1.745 billion.

Analysts had expected the trade surplus to narrow to A$1.401 billion in October.

dropped 0.55% to trade at 0.6844.

Meanwhile, the greenback remained supported after U.S. Senate Republicans with the House of Representatives on a major tax reform bill on Wednesday, signaling that lawmakers could agree on a final bill ahead of a self-imposed December 22 deadline.

The U.S. dollar was also boosted after data on Wednesday showed that the U.S. private sector added in November.

The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.11% at 93.63 by 02:20 a.m. ET (06:20 GMT).

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