Daily Forecast - 27/11/2009

26 November 2009 @ 04:30 pm EDT

:: Australian Dollar: The Australian Dollar opens lower today at 0.9140 after a volatile local session on Thursday. The Aussie’s foray above US93 cents due to a weak greenback was short-lived after the release of third-quarter capital expenditure data which fell 3.9 per cent. The unit fell sharply to an intraday low of 0.9230 ahead of a move back up to 0.9245 heading into European trade. In offshore trade, the unit moved between a high of 0.9245 down to 0.9100 on renewed risk aversion, however volumes were far thinner than usual with the United States celebrating Thanksgiving Day.

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