An unhappy new year for the Aussie dollar

China trade balance numbers and local employment data weigh on the Australian dollar's short-term outlook, while the euro looks set for further volatility.

As we predicted last month, it hasn't been a happy start to the year for the Australian dollar. The Aussie plunged to a five-and-a-half year low on Wednesday before rebounding on Friday, but the outlook isn't strong in the short term.

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