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Forex: AUD/NZD sheds overnight gains

By FXstreet.com,  August 29, 2012, 11:29:00 PM EDT

FXstreet.com (San Francisco) - AUD/NZD has shed all of the previous day's gains in the Asia-Pacific, having fallen to a 2-day low of 1.2860 on the back of a weak Australian dollar. The drop comes on the back of falling commodity prices and persistent global growth concerns. At the time of writing, AUD/NZD is quoted in the 1.2870 area, recording a 0.3% loss so far on the day. Asian shares are still trading deep in red. Japan 225 is now down 72.31 points, or 0.8% at 8997.50. S&P/ASX 200 is down 43.45 points, or 1% at 4313.00. Hang Sen 40 is quoted down 261.51 points, or 1.32% at 19527.00. S&P CNX Nifty is down 46.80 points, or 0.88% at 5287.80.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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