In addition to concerns over the election results in New Zealand, NZD/USD traders are also reacting to the posting of a bigger-than-expected goods trade deficit in August as exports of milk power, butter and cheese declined and imports of crude oil and petroleum products jumped higher.
Aussie fell amid North Korea tension
The AUD/USD is trading flat early Tuesday as investors showed almost response to comments from Reserve Bank of Australia Assistant Governor Michele Bullock. She said high levels of debt leave households vulnerable to shocks. She also added that the RBA will take this vulnerability into account for monetary policy.
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