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AUD/USD drops further into negative..........>

AUSSIE: AUD/USD drops further into negative territory despite strong Decemeber
China Trade Balance data. The surplus widened to CNY361bln from a revised
Y255.4bln against an expected CNY235.2bln. The pace of imports slowed as
expected to 0.9% on an annual basis from 15.4% previously, the pace of imports
also slowed to 7.4% from 10.3% but was above the 6.7% estimate. The breakdown of
the data shows that a strengthening global economy has boosted demand for
industrial commodities.
- AUD/USD last down 15 pips at 0.7876.

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