Aussie Moves Sideways Against Canadian Dollar, Slightly Higher Versus Other Majors, Friday, June 15, 2007 12:21:41 AM

During late Thursday in New York, the Australian currency moved sideways against the Canadian dollar, but it trended slightly higher against the rest of majors. As there was no major key economic data released from the Australian economy during the session.

The French current account data, Italian and the Euro-Zone trade balance - all for the month of April are expected during the early hours on Friday.

The US consumer price index and the empire manufacturing index for the month of May are slated for 8:30 am ET, followed by the April industrial production and the University of Michigan`s consumer confidence for May shortly after.

Against the U.S. currency, the Australian dollar moved sideways until about 7:55 pm Eastern Time Thursday, but the pair advanced thereafter. The Aussie thus climbed from 0.8353 to 0.8379 at 10:20 pm ET. The pair then lost some pips and it was quoted at 0.8372 as of 12:20 am ET on Friday.

During the evening deals on Thursday, the Australian dollar showed choppy trading versus the Euro. At about 7:40 pm ET, the Aussie gained ground but it dropped slightly within about a couple of hours. The Aussie strengthened again at about 11:10 pm ET and has been moving further higher lately. As of 12:20 am Eastern Time Friday, the pair collected 1.5909.

The Australian dollar started drifting higher against its British counterpart at 7:55 pm ET on Thursday. However, at about 10:30 pm ET, the Aussie gave back a few of its gains but it ticked higher again within half an hour. As of 12:20 am Eastern Time Friday, the pair was worth 2.3520.

The Australian currency edged down slightly versus the Canadian dollar on Thursday evening in New York. However, the pair rebounded completely by about 6:45 pm ET and then moved sideways. Of late the pair has been continuing the same trend and as of 12:20 am ET Friday, it fetched 0.8929.

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