DirectFX-phone-number-and-phone-image3.gif

p_7_top.jpg

Get a free Quote

Name
Email
Phone
From CCY
To CCY
Amount
Message
please type the characters you see:
(spam filter)
spam control image
 
p_1_top.gif

Apply now

Obligation free account and currency commentary btn_apply_for.gif
p_1_bottom.gif
Browse By Topic
Archive

FX News

Most recent FX News:

Read more

Momentum to wane for the AUD against the Canadian dollar?

Written by Sam Coxhead on July 6th, 2012.      0 comments

4:50 PM (NZT) This pair has seen a relatively small range this week. The sideways trading is fairly indicative of the  confused nature of the price action in many markets of late. It certainly seems like the recent AUD momentum has slowed and any further appreciation from the current lofty levels against the CAD will be harder fought. In the short term  the direction will be driven by the US employment numbers due later on today. This will likely be of more impact than the domestic Canadian data, also due for release later on today.
 
The current interbank midrate is:                                                            AUDCAD  1.0413                                                                                         
 
The interbank range so far this week to date has been:                 AUDCAD 1.0374 – 1.0447
 

Comments