Aussie and Canadian on GDI
Forex News form GDI at 4 Sept 2007
Australian Dollar
The Australian dollar gained ground vis-à-vis the U.S. dollar today as the Aussie tested offers around the US$ 0.8270 level and was supported around the $0.8195 level. Technically, today’s intraday high was right around the 50% retracement of the move from $0.8865 to $0.7675.
Data released in Australia today saw Q2 GDP growth register 0.9% q/q and 4.3% y/y exceeding forecast. Australian dollar bids are cited around the US$ 0.8160 level. The New Zealand dollar moved lower vis-à-vis the U.S. dollar as the kiwi tested bids around the US$ 0.6965 level and was capped around the $0.7045 level. New Zealand dollar bids are cited around the US$ 0.6760 level.
Canadian Dollar
A while The Canadian dollar appreciated marginally vis-à-vis the U.S. dollar today as the greenback tested bids around the C$ 1.0515 level and was capped around the C$ 1.0565 level. Bank of Canada is not expected to change interest rates when it releases its interest rate decision on Thursday. U.S. dollar offers are cited around the C$ 1.0655 level.
Australian Dollar
The Australian dollar gained ground vis-à-vis the U.S. dollar today as the Aussie tested offers around the US$ 0.8270 level and was supported around the $0.8195 level. Technically, today’s intraday high was right around the 50% retracement of the move from $0.8865 to $0.7675.
Data released in Australia today saw Q2 GDP growth register 0.9% q/q and 4.3% y/y exceeding forecast. Australian dollar bids are cited around the US$ 0.8160 level. The New Zealand dollar moved lower vis-à-vis the U.S. dollar as the kiwi tested bids around the US$ 0.6965 level and was capped around the $0.7045 level. New Zealand dollar bids are cited around the US$ 0.6760 level.
Canadian Dollar
A while The Canadian dollar appreciated marginally vis-à-vis the U.S. dollar today as the greenback tested bids around the C$ 1.0515 level and was capped around the C$ 1.0565 level. Bank of Canada is not expected to change interest rates when it releases its interest rate decision on Thursday. U.S. dollar offers are cited around the C$ 1.0655 level.
AUDNZD Technical Fundamental
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