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Australian Dollar: The Australian Dollar opens marginally higher on Monday at 0.8675. The Aussie hit a high of 0.8713 during European trade on Friday night but moved lower after weak U.S. economic data raised concerns over the strength of the global recovery. A fall in U.S. durable goods orders of 2.4 per cent for August had economists revising third-quarter growth projections and sent Wall Street lower for a third straight session. Commodities also fell with gold back under US$1,000 and oil down to a two-month low of US66.02/barrel. Currencies such as the Australian and New Zealand Dollars have appreciated recently on the back of strong U.S. economic data and the recovery story.
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