Aussie and Kiwi Dollars: The antipodean currencies have also fallen against the Greenback. Safe to say the US Dollar is stronger across the board this morning. Investors turned back to the safe haven currency on news that the worlds biggest economy is improving. The South Pacific currencies would have also suffered on the price of gold falling. This was on the back of news that the IMF will be selling its reserves and with gold being Australias third most valuable commodity export - not good. AUD/USD opens at 0.8958 and NZD/USD is currently 0.7001. Sterling has edged slightly lower, but seems the negative data both sides of the ocean have balanced themselves out. GBP/AUD begins the day at 1.7445 and GBP/NZD is at 2.2320.
- I expect a range today in the GBP/AUD rate of 1.7390 to 1.7510
- I expect a range today in the GBP/NZD rate of 2.2240 to 2.2410
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