AUD and NZD underperform - TD Securities

FXStreet (Barcelona) - Analysts at TD Securities note the one way price action for both the AUD and NZD as both emerge as underperformers today.

Key Quotes

“Currently both units are trading close to the day lows, the AUD at US$0.8665, off 0.6% and the NZD at US$0.7871, 0.7% weaker. The USD was bid from the outset of trade this morning as global growth concerns dominate with the drop in the dairy price index to fresh lows for the year and iron ore prices falling to 5yr lows weighing on the AUD and NZD.”