Australian pretty firmly holds 1.01, despite the reduction in the euro and the dollar's slight improvement. Night statement on China's capital controls put pressure on stocks in Asia and led to some risk aversion forex markets, which in turn contributed to lower Australian dollar. The plight of the Aussie has not helped his Tasmanian cousins - the New Zealander who has been downward pressure after the U.S. ban on imports of kiwi (fruit). In addition, the Australian Treasury has announced that the budget deficit will be larger this year due to a stronger exchange rate. The key for the Australian currency could be imminent employment report on Thursday which is expected to show a slower rate of employment growth last month.
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