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The CAD puts further pressure on the AUD, aided by the US dollar.

Written by Sam Coxhead on April 5th, 2012.      0 comments

4:06 PM (NZT) The Canadian dollar has placed further pressure on the AUD this week as it has piggy backed the US dollars resurgent form. This came after the AUD opened the week 100 points higher after the strangely strong official manufacturing data in Chinese last weekend. The AUD weakness may have run its course for the time being, as 1.0150 remains strong support for this pair. Next week the Australian employment numbers on Thursday will be closely watched and pairs focus for the week.
 
The current interbank midrate is:                                                            AUDCAD  1.0249                                                                                         
 
The interbank range so far this week to date has been:                 AUDCAD 1.0175 – 1.0410
 

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