Monday, June 25, 2007

Aussie Higher Across The Board During Early Asian Deals On Monday, Monday, June 25, 2007 12:32:06 AM

During the early Asian deals on Monday, the Australian dollar traded higher against its major counterparts. The Australia commodity export earnings data which was released during the session is likely to have an effect on the major Aussie pairs. Of late, the Aussie has been moving sideways against the Greenback and the Yen, but it is weakening slightly versus the rest of majors.

The German import price index for May and the GfK consumer confidence survey for July are expected during the European session on Monday. The US existing home sales data for May is slated for later in the morning.

Against the U.S. currency, the Australian dollar showed choppy trading in the evening hours on Sunday in New York. The pair started ticking up at 7:15 pm ET and hit as high as 0.8501 by about 10:35 pm Eastern Time. The Aussie then followed a sideways movement and as of 12:30 am ET Monday, it was quoted at 0.8491.

During late Sunday in New York, the Australian dollar drifted higher versus the European currency. The Aussie carried over its uptrend in the early Asian deals on Monday and fetched a high of 1.5845 at 10:25 pm ET Sunday. Thereafter, the Aussie shed some pips and collected 1.5865 as of 12:30 am Eastern Time.

The Australian dollar moved sideways against its Canadian counterpart on late Sunday in New York. However, in the early Asian deals on Monday, the pair gained ground and collected as much as 0.9087 at 10:10 pm ET. Soon after, the Aussie weakened slightly and as of 12:30 am Eastern Time, the pair was worth 0.9077.

The Australian currency traded in a tight range versus the Japanese Yen during late Sunday in New York and it was limited between 104.80 to 105.09. But the pair ticked higher in the early Asian deals on Monday. The uptrend helped the Aussie to hit a high of 105.29 by about 9:45 pm Eastern Time and then entered a tight range again. As of 12:30 am ET, the pair fetched 105.18.
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