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Canadian, Australian and New Zealand Dollars Hit by Selling Pressure
Thursday, 17 April 2008 20:29:10 GMT
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Previous articles
Previous Articles
Oct 10 -
Australian Dollar May Sink Further As Commodity Sell Off Continues
Oct 09 -
Australian Dollar, New Zealand Dollar Gains Prove To Be Short-Lived, Canadian Dollar Could Falter On Friday
Oct 03 -
Australian Dollar/US Dollar Exchange Rate Forecast
Oct 06 -
Commodity Dollars Hit Hard On Broad Deleveraging, Aussie Faces RBA Rate Decision
Oct 03 -
Australian Dollar May Rise on Risk Appetite, Smaller Interest Rate Cut
Oct 01 -
Forex Seasonality in the Australian Dollar
Sep 27 -
Risk Sentiment Paramount in Australian Dollar Trading
Sep 23 -
Australian, Canadian, and New Zealand Dollars Fall on Broad Drop in Commodities
Sep 22 -
Canadian Dollar, Australian Dollar Up 1% On Record $25/bbl Gain in Crude Oil
Sep 19 -
Australian Dollar To Rebound as Risk Appetite Returns
Sep 13 -
Australian Dollar To Retrace Loses On Easing Risk Aversion
Sep 12 -
Australian Dollar Interest Rate Forecast
Sep 09 -
Australian Dollar, New Zealand Dollar Hit Hard By Risk Aversion - Will the RBNZ Cut Rates?
Sep 08 -
Australian Dollar, New Zealand Dollar Surge on Demand For Yield
Sep 05 -
Australian Dollar Under Pressure as Yield Spreads Shrink
Sep 04 -
Canadian Dollar: Canada's NFPs to Determine Next Move For USD/CAD
Sep 03 -
Commodity Dollars Ready to Rebound? Bank of Canada Leaves Rates at 3.00%
Sep 02 -
AUDUSD Has Set Long-Term Top but looks Bullish Short-term
Sep 02 -
Australian Dollar Collapses on RBA Rate Cut, Outlook for the Bank of Canada's Rate Decision
Sep 01 -
Australian Dollar: What Impact Will the RBA Rate Decision Have?
Written by Kathy Lien, Chief Strategist
The Canadian, Australian and New Zealand dollars have been hit by weaker commodity prices and dollar strength. Canada was the only country to release consequential economic data. Consumer prices grew at a slower pace in March which was worse than the market expected, but right in line with our expectations. The drop in industrial product and raw material prices gave us a good clue that CPI could be soft as well. Over the next 24 hours, we are expecting Australian import and export prices along with Canadian leading indicators and wholesale sales. These are Tier 2 reports for both countries, which mean they will not be particularly market moving.
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