It was a quiet week on the data front for global currencies, but we have seen the Australian and New Zealand Dollars gain strength against their rivals since the Christmas break, and both currencies are currently trading at their strongest level since June/July 2015. There was no data released from Australia and New Zealand during the last few trading sessions, and it is expected to be another steady session today, trading narrowly near support levels.
The Private Sector Credit data will be released from Australia on Thursday, which is expected to be a figure of 0.6%, compared to the previous result of 0.7%.
Are you looking to buy or sell currencies? Contact your trader today to see how these movements affect you and to plan an appropriate currency strategy.