Aussie and Kiwi Dollars: The antipodean currencies begin the day higher against the US Dollar. There have been gains against the US Dollar across the board this morning after what has been generally a quiet 24 hours. RBA minutes showed that the recovery from the recession is going well and interest rates will rise gradually, but with close watch on global events. Australian business confidence data capped off what was a positive day for the Aussie and Kiwi. AUD/USD opens at 0.8948 and NZD/USD is at 0.7036. This news has seen the Pound fall against the Aussie and Kiwi. GBP/AUD is back down at 1.7554 and GBP/NZD 2.2311.
- I expect a range today in the GBP/AUD rate of 1.7440 to 1.7660
- I expect a range today in the GBP/NZD rate of 2.2230 to 2.2480
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