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Aust. PPI keeps momentum to the upside

Written by Sam Coxhead on April 21st, 2011.      0 comments

3:30 PM (NZT) The rampant form of the risk currencies has continued into the Asian session after great earnings results in the US , from Apple in particular. Released earlier this afternoon the Australian Producer Price Index data for the quarter was 1.2% against an expectation of a 1.0% rise. This has helped the AUD/USD maintain its momentum as it has set a new high at 1.0771 from drifting back to the 1.0750.
 
Meanwhile the Asian stock markets are pushing higher as are oil and gold.
 
All eyes are on moves from here as the top must be close, sharp moves are rarely not followed by corrections.
 
          Last 24 hours trade
  Current level Pre-AU PPI Chge since AU PPI   Low High
NZD/USD 0.7994 0.7983 0.1%   0.7922 0.8015
AUD/USD 1.0749 1.0729 0.2%   1.0546 1.0771
NZD/AUD 0.7438 0.7443 -0.1%   0.7436 0.7519
AUD/NZD 1.3444 1.3435 0.1%   1.3299 1.3447
NZD/GBP 0.4862 0.4857 0.1%   0.4836 0.4892
NZD/EUR 0.5485 0.5478 0.1%   0.5469 0.5524
NZD/JPY 65.75 65.69 0.1%   65.37 66.29
NZD/CAD 0.7583 0.7579 0.1%   0.7564 0.7614
 

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