RTTN:Australian, New Zealand And Canadian Dollars Fall Further Against Most Majors
(RTTNews) - In early European deals on Monday, the Australian, New Zealand and Canadian dollars are extending their Asian session's decline against most major currencies as a report from German finance ministry said that the economy is expanding at a markedly slower pace in the final quarter of the year.
In the November Monthly Report, the ministry said the biggest Eurozone economy grew 0.5 percent in the third quarter largely due to domestic demand. The consumer sentiment is weakening despite favorable trends in the labor market. The government expects only moderate economic activity in the upcoming winter months. Inflation is also expected to ease in coming months.
The Canadian dollar is now trading at 74.45 against the yen and 1.0324 against the greenback.
The Australian dollar is presently worth 0.9918 against the greenback, 76.18 against the yen and 1.0230 against the Canadian dollar.
Against the yen and the greenback, the NZ dollar is currently trading at 57.83 and 0.7528, respectively.
