Currency Note Worldwide

Australian dollar finally strengthens as Canadian counterpart continues its fall

By Ricky Bean August 3rd, 2015

Friday was a good day for the Australian dollar, as it gained, at one stage, 1% on sterling. This week ahead is a very busy one for the Antipodean currency: tomorrow we will see the release of Retails Sales, Trade Balance and the Cash Rate data. This will be followed on Thursday with the publishing of unemployment claims figures – which may well include a few of their top batsmen after last week’s performance.

The Canadian dollar lost a cent against sterling on Friday – continuing a worrying trend. This week the trade balance is released on Wednesday – but Friday is the busiest day with Employment Change figures, the Unemployment Rate & the Ivey Purchasing Managers’ Index data all released. These are all major market indicators, and some good results this week could hopefully boost the Canadian dollar.

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