(Action Economics) - 06:45 EST European Midday FX Update: The main movers and shakers today were the commodity bloc currencies, which extended lower during both the Asian and European morning sessions. AUD-USD has logged a low of 0.9727, the lowest level seen since last Jun-4, and this is now the fifth consecutive day that the pair has exceeded its prior day's closing low. The 0.9700 provides the next target, while the 0.9581 low from last Jun-1 stands out on a longer dated chart. The NZD and CAD have also extended to fresh lows. EUR-USD was choppy within a narrow range, defined by its 1.2850 low and 1.2889 peak. USD-JPY trade was uneventful into the European open, contrasting to a further extension higher in Japanese stock markets following much stronger than expected machinery orders data (+14.2% m/m for 2.4% y/y versus the market expectation for -4.9% y/y). Full update here.