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    Dollar-bloc currencies firm ahead of oil inventories - BBH Sandeep Kanihama

    Research Team at BBH, notes that the dollar-bloc currencies are trading firm today. Key Quotes“The Australian dollar continues to transverse a $0.7450-$0.7500 range. The New Zealand dollar is consolidating near yesterday's highs, which were the best levels for the Kiwi since last June. The Canadian dollar is sidelined in a tight range. News that the API estimate showed a 5.2 mln barrel draw down of US crude inventories helping buoy oil prices may be helping to underpin the Loonie. The official DOE estimate will be reported in the NY morning. A 1.3 mln barrel draw was expected before the API estimate.” 

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