The Australian dollar has dipped after the release of disappointing trade figures. The local currency was worth 76.39 US cents at 1200 AEST on Thursday, down from 77.16 cents on Wednesday. Australia's international trade balance remains in the red with a deficit of $2.75 billion in May, larger than the $2.25 million deficit expected by economists. "It's worse than what the market was looking for, so we're seeing a bit of reaction in the Aussie dollar," IG Markets chief strategist Chris Weston said. Exports rose one per cent in May but imports were down four per cent. "It doesn't paint a particularly rosy picture of ... (full story)