Aussie and Kiwi maintain downward trend amid European debt alarm

Source: Bloomberg
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On Friday Australia's and New Zealand's Dollar enlarged their losses against US Dollar for a third consecutive day as European debt anxiety damped demand for more risky assets. Australian Dollar lost 0.6% reaching $1.0208 in Sydney while its New Zealand peer gave up 0.4% to $0.7779. Currently AUD/USD is trading at $1.0233 and NZD/USD is trading at $0.7796. 
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Fri, 06 Jan 2012 08:51:11 GMT

Canada's Ivey PMI hits 63.5 in December

Canada's Ivey PMI increased more than expected in December. The Ivey PMI added 3.6 points approaching 63.5 last month from November's reading of 59.9. Experts predicted a decrease in the indicator by 0.8 points to 59.1. However, after the data release, the Canadian Dollar continued to see loses against the USD with the pair USD/CAD traded at 1.0204, gaining 0.75%.

Fri, 06 Jan 2012 08:49:06 GMT

Copper futures tumble after French bond auction

Copper futures tumbled to one-week low on the persistent worries over the Euro Zone financial difficulties after French bond auction. COMEX copper for delivery in March traded at USD3.413 a pound during the early European Thursday's trade, on the New York Mercantile Exchange, decreasing by 0.61% since opening.

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