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The NZD labours higher against the Canadian dollar.

Written by Sam Coxhead on August 3rd, 2012.      0 comments

6:34 PM (NZT) The NZ dollar has seen very slow appreciation against the CAD in what has been a relatively contained range for the week so far. The news in the Canadian economy has been somewhat limited and the NZ dollar performance has been boosted in the last few sessions but the resurgent Fonterra auction results and the affirmation of the NZ credit rating by S&P. Progress from the current levels should continue to be hard fought for the NZ dollar and the employment numbers on Thursday next week loom large. Needless to say, the current levels offer good value buying of CAD with NZ dollars.
 
The current interbank midrate is:                                                            NZDCAD .8175                              
                                                               
The interbank range so far this week to date has been:                 NZDCAD .8098 - .8183             
Topics: NZD CAD
 

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