Australian Dollar Falls To 11-day Low Versus Canadian Dollar [AUD/CAD]
4/18/2008 10:30:35 AM The Australian dollar fell to an 11-day low of 0.9353 versus the Canadian dollar in mid-morning New York deals on Friday, down from an early morning high of 0.9480.

The pair traded the Statistics Canada released its report on Canadian leading economic indicators on Friday morning, showing its leading indicators index was unchanged at 228.1 in March after falling 0.2% in February. Economists had been expecting the index to show a modest increase of about 0.1%.

Meanwhile, according to Statistics Canada`s report on Thursday, the consumer prices rose 0.4% in March, slightly above economist estimates of an increase of about 0.3%.

Australia`s Export Price Index gained 3.5% for the first quarter of 2008, the Australian Bureau of Statistics said Friday. The Import Price Index rose 2.7%. Both increases were better than analysts` forecasts.

The Aussie dollar has been trading towards a downward direction for the past couple of days. Currently, the pair is trading at 0.9355, below par of yesterday`s close of 0.9480.

Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • bodytext
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google