Aussie and Kiwi Dollars: The Aussie and Kiwi also have seen gains against the US Dollar. The recent positive releases have prompted the central bank of Australia to contemplate raising interest rates. This along with a more positive global view on the recession recovery and stocks and commodities rallying, the antipodean currencies have benefitted. AUD/USD back above 0.9000 this morning at 0.9016 and NZD/USD is sitting higher at 0.7065. Sterling hasnt suffered too heavy on the South Pacific currencies gains. The currency pairings pretty much at the same level this morning as it was yesterday. GBP/AUD begins the day at 1.7518 and GBP/NZD 2.2354.
- I expect a range today in the GBP/AUD rate of 1.7440 to 1.7630
- I expect a range today in the GBP/NZD rate of 2.2230 to 2.2450
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