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Risk Aversion Sends Australian, New Zealand and Canadian Dollars Lower
Monday, 26 November 2007 21:47:07 GMT
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Previous Articles
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- Friday, 04 July 2008 14:12:40 GMT Australian, New Zealand and Canadian Dollars Edge Higher
- Wednesday, 12 December 2007 22:41:17 GMT Australian Dollar Sees Key Data, Rallies Sharply on Fed Announcement
- Thursday, 29 November 2007 21:48:10 GMT Weaker Economic Data Drives Canadian, Australian and New Zealand Dollars Lower
- Wednesday, 28 November 2007 20:54:29 GMT Australian, New Zealand and Canadian dollars Unfazed by Weaker Commodity Prices
- Tuesday, 27 November 2007 21:35:54 GMT USDCAD Hits Parity, Australian and New Zealand Dollars Strengthen
- Friday, 23 November 2007 18:57:10 GMT Stronger Gold and Oil Prices Take Australian, New Zealand and Canadian Dollars Higher
- Wednesday, 21 November 2007 20:38:03 GMT Australian, New Zealand and Canadian Dollars Test Bottom of Week Long Range
- Tuesday, 20 November 2007 21:24:25 GMT Higher Commodity Prices Drive Australian, New Zealand and Canadian Dollars Higher
- Monday, 19 November 2007 22:04:57 GMT Canadian, Australian, New Zealand Dollars All Face Sharp Losses
- Monday, 22 October 2007 21:54:11 GMT Commodity Dollar Could Be Susceptible To Declines This Week
- Thursday, 15 November 2007 18:27:48 GMT Australian, New Zealand and Canadian Dollars Hit by Weaker Commodity Prices
- Wednesday, 14 November 2007 21:14:55 GMT Australian and New Zealand Dollars Strengthen but Canadian Dollar Continues to Weaken
- Tuesday, 13 November 2007 21:29:45 GMT 2 Percent Moves in Australian and New Zealand Dollars
- Monday, 12 November 2007 21:38:56 GMT Canadian Dollar Sees Biggest Rise One Day Slide in 36 Years
- Friday, 09 November 2007 21:49:27 GMT USD/CAD: Time for a Bottom
- Thursday, 08 November 2007 20:59:19 GMT Canadian and Australian Dollars Continue to Lose Ground
- Wednesday, 07 November 2007 20:46:25 GMT Commodity Currencies See Sharp Intraday Reversal
- Tuesday, 06 November 2007 21:41:33 GMT Australia Raises Interest Rates, Another Reason to Hit Parity
- Monday, 05 November 2007 22:07:50 GMT USD/CAD Sinks to New Record Low
- Friday, 02 November 2007 21:08:35 GMT Canadian Dollar Hits Record High Following Strong Employment Numbers
The Australian, New Zealand and Canadian dollars continue to fluctuate within wide trading ranges with one day of gains being followed by another day of losses.
Today, we are trading near the bottom of the range which means that the currency pairs will either break down against the US dollar and suffer sharp losses or revert back to their trading existing ranges. Commodity prices are basically unchanged today but they too are trading near pivotal levels and as a result we would not be surprised to see the trading ranges broken this week.
Written By Kathy Lien, Chief Currency Strategist for DailyFx.com
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