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- Friday, 16 October 2009 21:38:07 GMT Australian Dollar Forecast to Rally Further on RBA Rate Hikes
- Tuesday, 13 October 2009 01:21:45 GMT Australian Business Confidence Fell For First in Five Months, Says NAB
- Friday, 09 October 2009 23:10:05 GMT Australian Dollar May Simply Consolidate After RBA-Induced Rally
- Thursday, 08 October 2009 23:33:09 GMT Australian Dollar Sees another Dramatic Stretch to New Highs on Employment
- Thursday, 08 October 2009 00:29:27 GMT Australian Dollar Soars as Economy Unexpectedly Gains 40k Jobs, Unemployment Rate Falls
- Wednesday, 07 October 2009 21:16:33 GMT Australian Dollar Loses Some Steam Ahead of Employment Report
- Tuesday, 06 October 2009 18:44:08 GMT Australian Dollar US Dollar Exchange Rate Forecast
- Tuesday, 06 October 2009 02:59:35 GMT Australian Dollar Surges as RBA Unexpectedly Raises Interest Rates
- Monday, 05 October 2009 19:21:01 GMT Australian Dollar Gaining Steam Ahead of Tuesday's RBA Rate Decision
- Friday, 02 October 2009 23:38:47 GMT Australian Dollar Rally May Finally Be Losing Steam
- Friday, 02 October 2009 01:00:02 GMT Australian Inflation Slowest in Six Years, Says TD Securities
- Saturday, 26 September 2009 02:19:52 GMT Australian Dollar to Track Risk as Markets Digest G20 Outcome
- Friday, 25 September 2009 00:14:51 GMT Australian Dollar Traders More Concerned Over Risk Trends than Confirmations of Financial Stability
- Thursday, 24 September 2009 01:13:22 GMT Australia's New Home Sales Matched Record Gain in August, Says HIA
- Friday, 18 September 2009 23:52:45 GMT Australian Dollar Remains Supported By Interest Rate Expectations
- Thursday, 17 September 2009 23:59:24 GMT Commodity Bloc Data Ticks Higher Yet Aussie, Kiwi and Canadian Dollars Struggle
- Wednesday, 16 September 2009 01:47:20 GMT Australia Won't Raise Interest Rates Until Next Year, Says Westpac
- Friday, 11 September 2009 21:25:03 GMT Australian Dollar Strength May be Tested by Reserve Bank Rhetoric
- Thursday, 10 September 2009 02:13:48 GMT Australian Jobs Report Disappoints, Weighs on RBA Rate Hike Expectations
- Wednesday, 09 September 2009 03:36:11 GMT Australia's Economic Recovery May Flounder on Rising Interest Rates
The Australian, New Zealand and Canadian dollars are weaker across the board despite slightly higher gold prices. The recent rallies in commodity currencies have become very overextended which makes today’s correction hardly a surprise.
There was no economic data released from Canada, but Australia reported a drop in consumer confidence for the month of October, improvement in investment lending and home loans in the month of August. The housing market in New Zealand on the other hand is not faring as well with sales of houses in New Zealand falling by the most in more than 9 years. New Zealand business PMI is due for release tonight along with Canadian international merchandise trade balance and new house prices tomorrow. For the time being, the uptrend in all three pairs is intact.
Written by Kathy Lien, Chief Currency Strategist for DailyFX.com
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