Currency Note Worldwide

Aussie dollar continues to perform strongly

By Ricky Bean September 4th, 2014

  • The Canadian Dollar gained against a number of currencies after the Bank of Canada recorded a boost in exports. This was despite the fact that benchmark interest rates were left unchanged. The Bank of Canada Governor also reinforced the central bank’s neutral outlook on changing interest rates.
  • The Indian rupee also had a positive day after local asset holdings were boosted by foreigners, with almost $10 billion being injected into India’s bonds and stocks this quarter.
  • The Japanese yen improved after Prime Minister Shinzo Abe declared that there will be a reshuffle of his cabinet. This reinforced interest in the safe-haven yen.
  • The Australian dollar improved against its counterparts after suffering from fluctuations following the release of second-quarter growth data. Overnight, we will see Australian retail sales and trade balance data released.

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