Commodity Currencies Weaken Across the Board

The Australian, New Zealand and Canadian dollars weakened across the board despite mixed to stronger economic data.

The Bank of Canada informed the markets today that they too are prepared to inject liquidity into the Canadian markets if needed. Canada has employment numbers due for release tomorrow. The drop in the employment component of IVEY PMI suggests softer job growth.

[B]Written by Kathy Lien, Chief Strategist[/B]