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AUDCAD stablises further this week.

Written by Sam Coxhead on June 1st, 2012.      0 comments

5:10 PM (NZT) This pair has had a reasonably volatile week with the lead predominantly coming from the Australian related  economic data flow. After a positive start to the week on false hope of a bank security solution in Europe, the AUD came under pressure following the disappointing retail sales number. The weak market sentiment continued the move lower for the AUD before yesterdays capital expenditure numbers saw demand once again pick up. Today the positive sentiment was again bashed as the Chinese manufacturing numbers point towards sifter Chinese activity. Tonights Canadian monthly GDP numbers is the next focus ahead of the RBA monetary policy decision on Tuesday next week. Expect the volatility to continue in the near term with .9950/1.0100 providing the near term range.    
 
The current interbank midrate is:                                                            AUDCAD  1.0025                                                                                         
 
The interbank range so far this week to date has been:                 AUDCAD .9965 – 1.0116
Topics: AUDCAD
 

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