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Australian, New Zealand and Canadian Dollars Edge Higher
Friday, 04 July 2008 14:12:40 GMT
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Previous articles
Previous Articles
Jul 04 -
Australian, New Zealand and Canadian Dollars Edge Higher
Dec 12 -
Australian Dollar Sees Key Data, Rallies Sharply on Fed Announcement
Nov 29 -
Weaker Economic Data Drives Canadian, Australian and New Zealand Dollars Lower
Nov 28 -
Australian, New Zealand and Canadian dollars Unfazed by Weaker Commodity Prices
Nov 27 -
USDCAD Hits Parity, Australian and New Zealand Dollars Strengthen
Nov 26 -
Risk Aversion Sends Australian, New Zealand and Canadian Dollars Lower
Nov 23 -
Stronger Gold and Oil Prices Take Australian, New Zealand and Canadian Dollars Higher
Nov 21 -
Australian, New Zealand and Canadian Dollars Test Bottom of Week Long Range
Nov 20 -
Higher Commodity Prices Drive Australian, New Zealand and Canadian Dollars Higher
Nov 19 -
Canadian, Australian, New Zealand Dollars All Face Sharp Losses
Nov 16 -
Commodity Dollar Could Be Susceptible To Declines This Week
Nov 15 -
Australian, New Zealand and Canadian Dollars Hit by Weaker Commodity Prices
Nov 14 -
Australian and New Zealand Dollars Strengthen but Canadian Dollar Continues to Weaken
Nov 13 -
2 Percent Moves in Australian and New Zealand Dollars
Nov 12 -
Canadian Dollar Sees Biggest Rise One Day Slide in 36 Years
Nov 09 -
USD/CAD: Time for a Bottom
Nov 08 -
Canadian and Australian Dollars Continue to Lose Ground
Nov 07 -
Commodity Currencies See Sharp Intraday Reversal
Nov 06 -
Australia Raises Interest Rates, Another Reason to Hit Parity
Nov 05 -
USD/CAD Sinks to New Record Low
Written by Kathy Lien, Chief Strategist
The Australian, New Zealand and Canadian dollars edged higher today as the US dollar retraced its gains. Canadian IVEY PMI came out 69.6, much stronger than the market expected. The employment component of the report actually dropped from 59.3 to 58.2, which suggests that the Canadian employment numbers next week should be weak. Australia will also be releasing their labor market report. Given the drop in the employment component of service and manufacturing sector PMI, a larger number of Australians may have dropped off of June payrolls. New Zealand only has their Business PMI index due for release – which we expect to be bearish for the Kiwi.
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