Forex: Commodity currencies edge lower (Córdoba) - The so-called commodity currencies, like the CAD, the AUD and the NZD are losing ground against the greenback on Tuesday despite positive market's mood. However, with the holidays coming closer, thin liquidity and lack of interest have confined most crosses to a consolidation phase within their recent ranges.

After hitting multi-month highs last week, the AUD/USD and the NZD/USD spent a few sessions consolidating in a lower range and came under mild pressure on Tuesday. The Aussie and the Kiwi are currently trading at their daily lows around 1.0525 and 0.8410 respectively.

Meanwhile the USD/CAD rose to a daily high of 0.9848 in recent dealings, but pulled back slightly and was last up 0.1% at the 0.9840 zone.