Aussie and Kiwi maintain downward trend amid European debt alarm

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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

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