Despite a drop in commodity prices, US dollar weakness has sent the Australian, New Zealand and Canadian dollars higher.
The only piece of economic data released from the three commodity producing countries was New Zealand, who reported the lowest level of consumer confidence in the history of the series, which was created back in 1993. Over the next 24 hours, we are expecting the New Zealand current account balance, and the Australian Conference Board index of leading indicators. Both numbers have a chance of surprising to the upside which should help to fuel further gains in the Aussie and Kiwi.