Daily Forecast - 23/11/2009

22 November 2009 @ 04:07 pm EDT

:: Australian Dollar: The rebound in the greenback continued on Friday night as the Australian Dollar consolidated its recent losses. The Aussie opens lower today at 0.9140 after hitting an offshore low of 0.9059 (a two-week low), as Wall Street fell for third straight session. Increased risk aversion is keeping a lid on the local unit for the time being as recent economic data releases in the United States have failed to impress investors. There is no major local economic data due in the early part of the week and near-term direction will largely be influenced by movements in regional equity markets.

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