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The AUD pushes higher over the CAD.

Written by Sam Coxhead on June 29th, 2012.      0 comments

5:40PM (NZT) The AUD has seen grinding appreciation over the CAD throughout the course of this week.  There has been little in the way of news in either economy and even when the equity markets came under pressure in yesterdays offshore session, the AUD was able to outperform. The just released information from the EU summit has again driven demand for risk assets higher again, benefitting the AUD.  The market is approaching levels that represent good value buying of CAD with AUD. Any foray above 1.0500 represents great value buying of CAD with AUD.
 
The current interbank midrate is:                                                            AUDCAD  1.0425                                                                                         
 
The interbank range so far this week to date has been:                 AUDCAD 1.0285 – 1.0431
 

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