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Drop in Commodity Prices Hits AUD, NZD, CAD
Monday, 09 April 2007 21:22:35 GMT
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- Friday, 16 October 2009 20:23:24 GMT New Zealand Dollar Vulnerable To Pullback In Risk Appetite
- Monday, 12 October 2009 22:22:35 GMT New Zealand Retail Sales More Than Double Expectations in August
- Saturday, 10 October 2009 02:28:09 GMT New Zealand Dollar Rally Surviving on Borrowed Time and Strength
- Tuesday, 06 October 2009 18:51:16 GMT New Zealand Dollar US Dollar Exchange Rate Forecast
- Monday, 05 October 2009 02:19:09 GMT New Zealand Commodity Export Prices Rise Most in Over 22 Years
- Friday, 02 October 2009 20:56:52 GMT New Zealand Dollar At Risk of Turn Lower on Extreme Sentiment
- Friday, 25 September 2009 21:39:52 GMT New Zealand Dollar May Forge New Highs with G-20 Help
- Wednesday, 23 September 2009 19:57:03 GMT New Zealand Dollar Maintains Strength Following Q2 GDP Results â Exports May Fall to Lowest Since January 2008
- Wednesday, 23 September 2009 02:21:33 GMT New Zealand Dollar Surges as GDP Unexpectedly Grows in Q2
- Monday, 21 September 2009 23:28:37 GMT New Zealand Current Account Surprises With Surplus in Second Quarter
- Monday, 21 September 2009 03:00:48 GMT New Zealand Service Sector Expands For Second Month But Sales Decline
- Friday, 18 September 2009 22:05:19 GMT New Zealand Dollar To Weaken as Growth Rate Contracts, Trade Falters
- Thursday, 17 September 2009 01:26:06 GMT New Zealand Manufacturing Shrinks at Faster Pace as New Orders Plummet
- Tuesday, 15 September 2009 02:20:40 GMT New Zealand Manufacturing Falls Most on Record in Second Quarter
- Monday, 14 September 2009 00:48:53 GMT New Zealand Retail Sales Unexpectedly Drop in July as Unemployment Rises
- Friday, 11 September 2009 21:26:44 GMT New Zealand Dollar Strength May Be its Own Undoing
- Wednesday, 09 September 2009 23:49:32 GMT RBNZ Rate Decision Provokes Volatility but Falters with Direction
- Wednesday, 09 September 2009 00:42:20 GMT New Zealand Dollar's Run May be Cut Short by RBNZ Rate Decision
- Monday, 07 September 2009 18:14:22 GMT New Zealand Dollar Reaches Fresh 2009 Highs
- Sunday, 06 September 2009 21:47:23 GMT New Zealand House Prices Rise for Fourth Month in August
Commodity currencies are looking heavy and overextended despite the rise in the Australian dollar today. Both the Aussie and Kiwi have been unable to rally beyond their swing highs and a break below today’s low would open the door for a test of critical support.
Gold prices are lower, which is
contributing to the weakness, but the bigger story today is the Canadian
dollar. Oil prices have been
falling for the past 6 trading days and we are finally seeing a reaction in the
Canadian dollar. With no CAD data on the calendar tomorrow, we could see an even
further extension in today’s USD/CAD rally.
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