Thu, May 7 2009, 17:33 GMThttp://www.fxstreet.com
Commodities pairs rise on the board, AUD/USD reaches 7-months hightFITITOL-->FXstreet.com (Barcelona) - AUD/USD has reached 7-months high at 0.7615 in the early American session after rising 1.30% so far today. The pair is currently trading at 0.7560. USD/CAD is trading above 1.1700 level after rising 0.40% so far today and NZD/USD is close to 0.6000 key level after rising 1.00% on the day.Commodities currencies are the overall winners this days, as Australian dollar reached a fresh 7-month high at 0.7615 after better than expected employments situation released past Asian session. Unemployment rate fell to 5.4% while the number of employments rose 27.3K far better than previous month fall of -37.2K. gold above 910/oz. favor also Aud, thus the 1000. Level won’t be easily overcome.Valeria Bednarik, FXstreet.com collaborator says: "Canadian dollar also appreciate to a multi months high against dollar reaching the 1.1628 before retracing a bit. Oil is at a 6 month high at $57.10 a barrel supporting the currencyafter BOC member yesterday state that no more quantitative easing will be needed."
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